Over the last year, property investments in Yea, 3717 have given investors a capital gain of 13.40%. This compares very favourably with the -1.69% for VIC as a whole.
Comparing Yea,3717 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Yea is giving property investors an average Vendor Discount of around -8.13%. This puts suburb at number 126th in VIC when ranking the most discounted suburbs.
Situated 77.95km from the CBD, Yea is one of Murrindindi (S) localities in the postcode 3717.
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Fossil site capitalises on affordability and long-term value
Median house price: $297,500
Three-year growth: 15.53%
Rental yield: 5.07%
Located at the junction of the Goulburn Valley Highway and the Melba Highway, the suburb of Yea maximises its accessibility to drive a consistent increase in house prices.
The suburb recorded almost 15% growth in the past 12 months, with 12.26% growth in the February 2017 quarter alone. Even then, the median house price stays quite low, not reaching $300,000. Coupled with the considerable returns of over 5%, investor activity likely accounts in part for the suburb’s shine.
Detached housing comprises the majority of stock in this suburb. Yea is mainly supported by the farming industry and tourism, as it is known for its heritage sites. Primary and high schools have been established here as well. However, it can be hard for commuters to get around as coach services from Yea to Melbourne and Mansfield are offered only twice a day.