With a capital gain of 2.19% for the last 12 months, Tyabb, 3913 has performed for property investments than its average annual 7.14% property growth over the last 5 years.
Tyabb,3913 was ranked 834 in Australia by increase in median property value over the quarter.
Tyabb, 3913 is offering VIC ‘s 186th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.
Often selling an investment property can take time, and in Tyabb the average time real estate has been on the market is 56.5 days.
Tyabb, 3913’s gross rental yield is 4.18%
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Rustic suburb sustains consistent demand
Median house price: $566,000
Three-year growth: 43.3%
Rental yield: 3.8%
A suburb festooned with lush greenery and beautiful homes, Tyabb’s rustic, semi-rural charm draws a wide demographic of residents, including families and retirees.
Tyabb is part of the Western Port’s urban enclave, along with Crib Point, Hastings, Somerville and Bittern. There are several quality schools in this area, including Padua College and Flinders Christian College. Mornington-Tyabb Road leads into the suburb’s main shopping hub. Tyabb is particularly famous for its antique shops, and the Tyabb Packing House complex houses one of the largest collections of antiques in the southern hemisphere.
This location contributes to the suburb’s reasonable house prices, with a median of just over $550,000. Nonetheless, Tyabb’s distance from the capital has not affected its growth potential, as the suburb has maintained positive growth for the past five years to December 2018.