Suburb Profile Report for Yarrawonga VIC (3730)

Yarrawonga House: Median price $315,750, Annual capital growth 1.86%, Number of sales 183, Weekly median advertised rent $310

Yarrawonga Unit: Median price $234,000, Annual capital growth 1.71%, Number of sales 42, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Yarrawonga, 3730 ranked 592th in VIC when comparing growth in median property values or capital gain over the last 12 months. Yarrawonga is one of 2098 in our list for VIC

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

Vendor discounting in Yarrawonga is giving property investors an average Vendor Discount of around -6.01%. This puts suburb at number 193th in VIC when ranking the most discounted suburbs.

With the median price for a house in Yarrawonga being $315750 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 5.11%

Over the last year, property investments in Yarrawonga, 3730 have given investors a capital gain of 0.65%. This compares badly with the 4.79% for VIC as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Yarrawonga comes in at number 183th in VIC.

Our latest figures would indicate that property sellers in Yarrawonga are currently offering property investors an average price cut of -6.63% below the asking price at the moment.

Renters in Suburb are facing rents around $3000 per annum or $250 every week.

Metrics i HOUSE UNIT
$315,750 $234,000
0.24% -0.43%
0.24% 0.65%
1.86% 1.71%
$310 $250
183 42
5.11% 5.56%
138.81 95.7

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 7056
Median household income ($/weekly) 808
Median age of persons 47
Median housing loan repayment ($/monthly) 1387
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 841 11.9
    35-44 years 841 11.9
    45-54 years 793 11.2
    55-64 years 976 13.8
    65-74 years 1017 14.4
    Others 2589 36.7
    Age Group
    Census Count Percent(%)
    Registered Married 2707 55.4
    Not Married 1778 36.4
    Defacto Relationship 399 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 5932 92.2
    Greece 22 0.3
    Papua New Guinea 42 0.7
    United Kingdom 247 3.8
    Other 32 0.5
    Others 162 2.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 0.4
    Christianity 4959 79.4
    Hinduism 20 0.3
    Islam 10 0.2
    No Religion 1220 19.5
    Others 13 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 267 11.1
    $400-$599 430 17.8
    $600-$799 328 13.6
    $800-$999 274 11.4
    $1,500-$1,999 247 10.2
    Others 864 35.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2575 48.6
    Employed, worked full-time 1542 29.1
    Employed, worked part-time 868 16.4
    Employed, away from work 195 3.7
    Unemployed, looking for work 121 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 339 13.0
    Professionals 351 13.5
    Technicians & trades workers 461 17.7
    Community & personal service workers 323 12.4
    Labourers 408 15.7
    Others 725 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 102 8.4
    Infants/Primary 513 42.3
    Secondary 406 33.5
    Technical or Further Educational Institution 106 8.7
    University or other Tertiary Institutions 59 4.9
    Others 26 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5261 86.0
    Flat, unit or apartment 458 7.5
    Semi-detached, row or terrace house, townhouse 319 5.2
    Caravan, cabin, houseboat 81 1.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1154 44.2
    Being purchased 765 29.3
    Rented 676 25.9
    Other tenure type 17 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals