With a capital gain of -5.77% for the last 12 months, Woori Yallock, 3139 has performed for property investments than its average annual 6.52% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Woori Yallock,3139 has racked up an average of -5.77% over the period. This ranks it number 323th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Woori Yallock is $490000, with sellers offering an average of -6.68% off the asking price.
With the median price for a house in Woori Yallock being $490000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.93%
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Demand spikes in suburb with great views
Median house price: $510,000
Three-year growth: 54.5%
Rental yield: 3.6%
A small suburb that houses many amenities, Woori Yallock’s popularity is best observed in its considerable and consistent growth since 2013.
The house market boasts a remarkable average annual growth rate of 8.3%, with prices soaring by 22.6% in just the 12 months to June 2018. The median value of houses has passed $500,000 in this period, but despite the price hikes, vendors are able to unload properties quickly at a low average discount rate of 2.2%. Houses spend only 36 days on the market.
Located in the Shire of Yarra Ranges, Woori Yallock offers beautiful views of the valley. It is a great spot for foodies, as it has many cafes, restaurants and wineries. Warburton Trail winds through Woori Yallock, and there is a football oval for sporting activity. A primary school is established here as well.