Suburb Profile Report for Yallambie VIC (3085)

Yallambie House: Median price $800,000, Annual capital growth 7.71%, Number of sales 41, Weekly median advertised rent $470

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

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Expert Report

At number 1702th in the list of Australian suburbs ordered by increase in median house value over the last year, Yallambie, 3085 is in the top 40% with a property value increase of 4.03% recorded in median house prices.

While Yallambie,3085 ranked number 438th in VIC for increase in median house value (annualised) increase, it is ranked 288th over the last 5 years.

Property investors looking for a bargain in Yallambie should be aiming for at least -6.32% 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 Yallambie the average time real estate has been on the market is 76 days.

Using the current median advertised rental of $470 and the average annual increase in value of a median property of 7.82%, investors should hope to achieve an overall return of 3.01%

Information supplied by:


March 2019

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Located 16km northeast of the Melbourne CBD, the suburb of Yallambie is mainly known for being the location of the Simpson Army Barracks, which was established back in World War II. A large chunk of land in the vicinity of the barracks was claimed for residential purposes in the late 1980s. Nonetheless, the military presence remains strong with the ARPANSA Federal Government agency holding their base hereFull summary

Melbourne neighbour maintains growth

Postcode: 3085

Median house price: $812,500

Three-year growth: 23.5%

Rental yield: 2.9%

Located 16km northeast of the Melbourne CBD, the suburb of Yallambie is mainly known for being the location of the Simpson Army Barracks, which was established back in World War II. A large chunk of land in the vicinity of the barracks was claimed for residential purposes in the late 1980s. Nonetheless, the military presence remains strong with the ARPANSA Federal Government agency holding their base here.

The suburb is tucked between Greensborough Road and Plenty River, and is home to Streeton Primary School, which is a merger of the former Watsonia South Primary School and Yallambie Primary School. Yallambie Park Pre-School is situated on the same street.

Yallambie is rather pricey due to its proximity to Melbourne. Thus far, it has sustained its growth momentum over the year to December 2018, but the December 2018 quarter reported a slight dip in house values.

Close
Metrics i HOUSE UNIT
$800,000 N/A
-1.54% N/A
2.48% N/A
7.71% N/A
$470 N/A
41 N/A
3.06% N/A
55.153847 N/A

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 4128
Median household income ($/weekly) 1542
Median age of persons 32
Median housing loan repayment ($/monthly) 1926
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 517 12.5
    25-34 years 626 15.2
    35-44 years 641 15.5
    45-54 years 475 11.5
    55-64 years 403 9.8
    Others 1467 35.5
    Age Group
    Census Count Percent(%)
    Registered Married 1603 57.8
    Not Married 922 33.2
    Defacto Relationship 249 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3213 81.7
    Indonesia 50 1.3
    Papua New Guinea 65 1.7
    United Kingdom 157 4.0
    Other 111 2.8
    Others 335 8.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 63 1.7
    Christianity 2509 67.1
    Hinduism 28 0.7
    Islam 50 1.3
    No Religion 1066 28.5
    Others 25 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 104 8.9
    $1,250-$1,499 121 10.4
    $1,500-$1,999 194 16.7
    $2,000-$2,499 158 13.6
    $2,500-$2,999 122 10.5
    Others 466 40.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1413 45.6
    Not in the labour force 830 26.8
    Employed, worked part-time 636 20.5
    Employed, away from work 142 4.6
    Unemployed, looking for work 77 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 251 11.5
    Professionals 483 22.0
    Technicians & trades workers 366 16.7
    Community & personal service workers 266 12.1
    Clerical & administrative workers 366 16.7
    Others 459 20.9
    Occupation
    Census Count Percent(%)
    Pre-school 88 8.3
    Infants/Primary 342 32.1
    Secondary 267 25.1
    Technical or Further Educational Institution 102 9.6
    University or other Tertiary Institutions 180 16.9
    Others 86 8.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3501 96.8
    Semi-detached, row or terrace house, townhouse 82 2.3
    Flat, unit or apartment 35 1.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 489 37.8
    Fully owned 415 32.1
    Rented 382 29.5
    Other tenure type 7 0.5
    Tenure Type
Census 2011, ABS
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