Suburb Profile Report for Yarraville VIC (3013)

Yarraville House: Median price $900,500, Annual capital growth 9.23%, Number of sales 202, Weekly median advertised rent $490

Yarraville Unit: Median price $477,500, Annual capital growth 3.94%, Number of sales 82, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Yarraville, 3013 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.86%

Taking the average capital gain, or increase in median house value, Yarraville,3013 has racked up an average of 11.86% over the period. This ranks it number 1190th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Yarraville should be aiming for at least -22.74% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Yarraville the average time real estate has been on the market is 59.03 days.

Situated 7.13km from the CBD, Yarraville is one of Maribyrnong localities in the postcode 3013.

Property value increases in Yarraville have tracked lower than the VIC average of 2.98% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Yarraville has increased when compared to the 5 year average annual rate.

Vendor discounting in Yarraville is giving property investors an average Vendor Discount of around -3.67%. This puts suburb at number 251th in VIC when ranking the most discounted suburbs.

The VIC suburb of Yarraville, 3013 is in the Maribyrnong local government area.

Metrics i HOUSE UNIT
$900,500 $477,500
2.91% -0.52%
11.86% -13.18%
9.23% 3.94%
$490 $390
202 82
2.83% 4.25%
59.03 84.74

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
Chart Table
Recent sales & rentals