Suburb Profile Report for South Yarra VIC (3141)

South Yarra House: Median price $1,655,000, Annual capital growth 10.43%, Number of sales 169, Weekly median advertised rent $650

South Yarra Unit: Median price $550,000, Annual capital growth 4.55%, Number of sales 537, 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 lower than the VIC average of 8.96% over the last 12 months.

Taking the average capital gain, or increase in median house value, South Yarra,3141 has racked up an average of 3.96% over the period. This ranks it number 81th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in South Yarra is giving property investors an average Vendor Discount of around -7.52%. This puts suburb at number 123th in VIC when ranking the most discounted suburbs.

In the last year 169 properties changed hands in South Yarra, which puts it as the 149th most active market in VIC when comparing the number of sales per suburb.

Situated 3.60km from the CBD, South Yarra is one of Stonnington localities in the postcode 3141.

If you compare the increase in value of investment property in South Yarra, 3141 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -5.17%.

If we look at median property appreciation over just the last three months, South Yarra has given property investors a paper return of 0.00%. This puts Suburb as 209 on a list of fastest fasting appreciating suburbs in VIC

Our latest figures would indicate that property sellers in South Yarra are currently offering property investors an average price cut of -6.53% below the asking price at the moment.

Renters in Suburb are facing rents around $5400 per annum or $450 every week.

Peter Hooymans Information supplied by:

Peter Hooymans
Melbourne Real Estate

O 03 9429 0455

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.

Metrics i HOUSE UNIT
$1,655,000 $550,000
-3.78% 0.00%
3.96% -5.17%
10.43% 4.55%
$650 $450
169 537
2.04% 4.25%
69.12 91.29

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in South Yarra VIC
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
    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
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