Suburb Profile Report for Yarraville VIC (3013)

Yarraville House: Median price $888,000, Annual capital growth 9.05%, Number of sales 199, Weekly median advertised rent $490

Yarraville Unit: Median price $480,000, Annual capital growth 4.69%, Number of sales 92, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Yarraville, 3013 have given investors a capital gain of 12.41%. This compares favourably with the 7.68% for VIC as a whole.

Yarraville,3013 was ranked 879 in Australia by increase in median property value over the quarter.

Yarraville, 3013 is offering VIC ‘s 9th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.

Renters in Suburb are facing rents around $5880 per annum or $490 every week.

Yarraville, 3013 ranked 348th in VIC when comparing growth in median property values or capital gain over the last 12 months. Yarraville is one of 2098 in our list for VIC

Over the longer term, Yarraville has seen property prices show investors a 12.41% return over the last 3 years. This is worse than over the last 12 months

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.14% offered to property buyers. Sellers in Yarraville itself are offering an average vendor discount of -5.04% to real estate investors.

With the median price for a house in Yarraville being $480000 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 4.06%

HOUSE UNIT
$888,000 $480,000
3.80% -2.24%
12.41% -12.73%
9.05% 4.69%
$490 $375
199 92
2.87% 4.06%
57.35 85.66

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 13747
Median household income ($/weekly) 1583
Median age of persons 36
Median housing loan repayment ($/monthly) 2200
Average household size 2.4
  • Census Count Percent(%)
    0-4 years 1156 8.4
    5-14 years 1362 9.9
    25-34 years 2549 18.5
    35-44 years 2854 20.8
    45-54 years 1867 13.6
    Others 3959 28.8
    Age Group
    Census Count Percent(%)
    Registered Married 4408 42.7
    Not Married 4290 41.6
    Defacto Relationship 1623 15.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 9396 71.7
    Hong Kong 381 2.9
    United Kingdom 606 4.6
    Viet Nam 334 2.5
    Other 494 3.8
    Others 1890 14.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 495 3.9
    Christianity 6945 55.2
    Hinduism 114 0.9
    Islam 236 1.9
    No Religion 4677 37.2
    Others 104 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 384 7.8
    $1,500-$1,999 586 12.0
    $2,000-$2,499 510 10.4
    $2,500-$2,999 574 11.7
    $3,000-$3,499 402 8.2
    Others 2445 49.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5061 47.3
    Not in the labour force 2958 27.6
    Employed, worked part-time 1958 18.3
    Employed, away from work 406 3.8
    Unemployed, looking for work 327 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1177 15.9
    Professionals 2385 32.1
    Technicians & trades workers 758 10.2
    Community & personal service workers 617 8.3
    Clerical & administrative workers 1066 14.4
    Others 1419 19.1
    Occupation
    Census Count Percent(%)
    Pre-school 276 9.6
    Infants/Primary 926 32.1
    Secondary 576 20.0
    Technical or Further Educational Institution 267 9.3
    University or other Tertiary Institutions 721 25.0
    Others 120 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10515 81.2
    Semi-detached, row or terrace house, townhouse 1312 10.1
    Flat, unit or apartment 1053 8.1
    House or flat attached to a shop, office 63 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1971 37.4
    Rented 1693 32.1
    Fully owned 1586 30.1
    Other tenure type 24 0.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals