Over the last year, property investments in Tyabb, 3913 have given investors a capital gain of 12.84%. This compares very favourably with the 2.87% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tyabb has increased when compared to the 5 year average annual rate.
Property buyers and investors in Tyabb 3913 should be seeing an average reduction in asking price of around -7.10% . This means that Tyabb is holding prices well when compared to other suburbs in VIC.
Tyabb, 3913’s gross rental yield is 3.80%
Across a shorter period, Tyabb, 3913 has seen a median price increase of 0.11% over the last quarter.
Residents and property investors in Tyabb have been waiting around 77.8 days to sell a property.
With the median price for a house in Tyabb being $443500 and the advertised rent reaching $335 the gross rental yield for property investors calculates out to be 3.93%
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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.