Suburb Profile Report for Yarragon VIC (3823)

Yarragon House: Median price $280,000, Annual capital growth 3.88%, Number of sales 23, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report

Yarragon is in the bottom 10% in VIC when comparing median price capital growth over the last year. Yarragon gave property investors a dismal capital gain figure when compared to the rest of the state, with -9.68%.

If we look at median property appreciation over just the last three months, Yarragon has given property investors a paper return of -13.18%. This puts Suburb as 688 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Yarragon should be aiming for at least -8.22% off the asking price, which is the average vendor discount being achieved at the moment.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 6.13%, without taking into account capital value appreciation, which has been averaging out at 3.88%.

Metrics i HOUSE UNIT
$280,000 N/A
-13.18% N/A
-9.68% N/A
3.88% N/A
$330 N/A
23 N/A
6.13% N/A
82.14 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1525
Median household income ($/weekly) 1042
Median age of persons 40
Median housing loan repayment ($/monthly) 1300
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 191 12.5
    25-34 years 160 10.5
    35-44 years 193 12.7
    45-54 years 217 14.2
    55-64 years 231 15.1
    Others 533 35.0
    Age Group
    Census Count Percent(%)
    Registered Married 583 52.1
    Not Married 414 37.0
    Defacto Relationship 121 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1269 88.2
    New Zealand 19 1.3
    Papua New Guinea 19 1.3
    United Kingdom 63 4.4
    Other 16 1.1
    Others 52 3.6
    Country of Birth
    Census Count Percent(%)
    Christianity 983 71.5
    No Religion 378 27.5
    Buddhism 10 0.7
    Hinduism 3 0.2
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 60 12.0
    $600-$799 60 12.0
    $800-$999 42 8.4
    $1,250-$1,499 46 9.2
    $1,500-$1,999 64 12.8
    Others 229 45.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 428 36.2
    Not in the labour force 419 35.5
    Employed, worked part-time 243 20.6
    Employed, away from work 58 4.9
    Unemployed, looking for work 33 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 134 18.5
    Professionals 104 14.4
    Technicians & trades workers 123 17.0
    Clerical & administrative workers 78 10.8
    Labourers 83 11.5
    Others 202 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 21 6.5
    Infants/Primary 121 37.5
    Secondary 108 33.4
    Technical or Further Educational Institution 42 13.0
    University or other Tertiary Institutions 21 6.5
    Others 10 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1401 99.2
    Semi-detached, row or terrace house, townhouse 12 0.8
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 232 41.9
    Being purchased 232 41.9
    Rented 90 16.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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