Suburb Profile Report for Yea VIC (3717)

Yea House: Median price $440,000, Annual capital growth 7.29%, Number of sales 27, Weekly median advertised rent $320

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

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.

Information supplied by:


May 2017

M
O

W
E

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.

Metrics i HOUSE UNIT
$440,000 N/A
7.32% N/A
13.40% N/A
7.29% N/A
$320 N/A
27 N/A
3.78% N/A
134.173913043478 N/A

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Yea VIC
Demographics
Total population 1594
Median household income ($/weekly) 789
Median age of persons 48
Median housing loan repayment ($/monthly) 1320
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 171 10.7
    35-44 years 181 11.4
    45-54 years 231 14.5
    55-64 years 254 15.9
    65-74 years 245 15.4
    Others 512 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 611 51.1
    Not Married 481 40.3
    Defacto Relationship 103 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1363 89.0
    New Zealand 10 0.7
    Papua New Guinea 14 0.9
    United Kingdom 72 4.7
    Other 20 1.3
    Others 53 3.5
    Country of Birth
    Census Count Percent(%)
    Christianity 958 65.3
    No Religion 485 33.1
    Buddhism 15 1.0
    Other Religious Groups 6 0.4
    Hinduism 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 68 11.1
    $400-$599 98 16.0
    $600-$799 85 13.9
    $800-$999 59 9.6
    $1,000-$1,249 63 10.3
    Others 240 39.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 553 43.2
    Employed, worked full-time 348 27.2
    Employed, worked part-time 291 22.7
    Employed, away from work 52 4.1
    Unemployed, looking for work 36 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 129 18.7
    Professionals 120 17.4
    Technicians & trades workers 104 15.1
    Community & personal service workers 77 11.1
    Labourers 85 12.3
    Others 176 25.5
    Occupation
    Census Count Percent(%)
    Pre-school 28 9.7
    Infants/Primary 93 32.1
    Secondary 106 36.6
    Technical or Further Educational Institution 31 10.7
    University or other Tertiary Institutions 23 7.9
    Others 9 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1383 93.8
    Caravan, cabin, houseboat 40 2.7
    Semi-detached, row or terrace house, townhouse 26 1.8
    House or flat attached to a shop, office 21 1.4
    Flat, unit or apartment 5 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 334 50.5
    Being purchased 184 27.8
    Rented 133 20.1
    Other tenure type 10 1.5
    Tenure Type
Census 2011, ABS
Chart Table