Suburb Profile Report for South Yarra VIC (3141)

South Yarra House: Median price $1,805,000, Annual capital growth 8.79%, Number of sales 148, Weekly median advertised rent $640

South Yarra Unit: Median price $580,000, Annual capital growth 4.51%, Number of sales 568, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in South Yarra have tracked just higher than the VIC average of 10.83% over the last 12 months.

South Yarra,3141 was ranked 1237 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in South Yarra, 3141. Typically our figures indicate that -9.20% is being offered, which puts this VIC suburb at 433th most discounted overall in Australia.

At number 1322 in a list of fastest selling suburbs, South Yarra is in the TOP 40% of suburbs in Australia with an average of days on market 63.88 for properties listed there.

Property value increases in South Yarra have tracked close to the VIC average of 4.90% over the last 12 months.

South Yarra,3141 was ranked 682 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in South Yarra, 3141. Typically our figures indicate that -6.65% is being offered, which puts this VIC suburb at 328th most discounted overall in Australia.

At number 934 in a list of fastest selling suburbs, South Yarra is in the bottom 40% of suburbs in Australia with an average of days on market 85.02 for properties listed there.

South Yarra, 3141’s gross rental yield is 4.03%

Peter Hooymans Information supplied by:

Peter Hooymans
Melbourne Real Estate

M
O 03 9429 0455

W www.melbournerealestate.com.au
E info@melbournerealestate.com.au
Richmond and South Yarra are premium suburbs for investors. Both suburbs offer exceptional amenity positioned within minutes to the CBD. Rental returns are reflected in the premium locale of both suburbs which in turn attracts high quality tenants and minimum vacancy days.Full summary

Selling points: Richmond and South Yarra are premium suburbs for investors. Both suburbs offer exceptional amenity positioned within minutes to the CBD. Rental returns are reflected in the premium locale of both suburbs which in turn attracts high quality tenants and minimum vacancy days.

Most sought after properties: One bed apartments are always in high demand followed by two bedrooms with two baths. Both are popular with young urban professionals.

Most common properties: High rise apartments, ultra modern renovated homes as well as period homes.

Top amenities: World class restaurants, cosmopolitan cafes, high quality retail and some of Melbourne’s best schools. Positioned near the Yarra River offering kilometres of walking, running and bicycle tracks.

Local industry and businesses: Restaurants and retail as well as offices.

Recent changes: The Forest Hill Precinct has undergone a major revitalization in the last 5 years. What was once a dilapidated eyesore in a Blue Chip suburb is now home to world famous bars, restaurants and cafes. Luxurious buildings now dot the skyline of what was once a streetscape of warehouses.

Best streets: Tree lined streets close to the main shopping strips and public transport.

Public transport: Excellent. Trams, trains and busses are within short walking distance.

Main arteries: Easy access to freeways and toll roads. Minutes from the CBD.

Close
Metrics i HOUSE UNIT
$1,805,000 $580,000
3.14% 1.75%
16.08% 2.65%
8.79% 4.51%
$640 $450
148 568
1.84% 4.03%
63.88 85.02

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in South Yarra VIC
Demographics
Total population 19134
Median household income ($/weekly) 1693
Median age of persons 33
Median housing loan repayment ($/monthly) 2300
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 1935 10.1
    25-34 years 6177 32.3
    35-44 years 2909 15.2
    45-54 years 1872 9.8
    55-64 years 1804 9.4
    Others 4437 23.2
    Age Group
    Census Count Percent(%)
    Not Married 8186 54.3
    Registered Married 4372 29.0
    Defacto Relationship 2514 16.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 10815 62.7
    Indonesia 471 2.7
    Papua New Guinea 708 4.1
    United Kingdom 1041 6.0
    Other 1311 7.6
    Others 2897 16.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 551 3.4
    Christianity 8421 51.2
    Hinduism 433 2.6
    Judaism 603 3.7
    No Religion 6022 36.6
    Others 402 2.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 680 8.2
    $1,250-$1,499 714 8.6
    $1,500-$1,999 1067 12.9
    $2,500-$2,999 1334 16.1
    $4,000 or more 676 8.2
    Others 3818 46.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 8555 53.5
    Not in the labour force 3844 24.0
    Employed, worked part-time 2526 15.8
    Unemployed, looking for work 549 3.4
    Employed, away from work 524 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 2051 17.7
    Professionals 5095 43.9
    Community & personal service workers 826 7.1
    Clerical & administrative workers 1495 12.9
    Sales 920 7.9
    Others 1219 10.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 498 14.3
    Secondary 570 16.4
    Technical or Further Educational Institution 319 9.2
    University or other Tertiary Institutions 1763 50.6
    Other type of educational institution 194 5.6
    Others 138 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 10534 62.8
    Separate house 3261 19.4
    Semi-detached, row or terrace house, townhouse 2935 17.5
    House or flat attached to a shop, office 38 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 5544 62.0
    Fully owned 1832 20.5
    Being purchased 1519 17.0
    Other tenure type 47 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals