Suburb Profile Report for Yarraville VIC (3013)

Yarraville House: Median price $940,000, Annual capital growth 7.09%, Number of sales 161, Weekly median advertised rent $550

Yarraville Unit: Median price $625,000, Annual capital growth 5.24%, Number of sales 69, Weekly median advertised rent $490

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

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

  • House Report
  • Unit Report

VIC has seen average median house prices change by -1.79% which means that Yarraville, 3013 has not done well for property investors by showing a capital gain of -4.57% over the last year

While Yarraville,3013 ranked number 475th in VIC for increase in median house value (annualised) increase, it is ranked 387th over the last 5 years.

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 Yarraville, 3013. Typically our figures indicate that -7.68% is being offered, which puts this VIC suburb at 1076th most discounted overall in Australia.

Using the current median advertised rental of $550 and the average annual increase in value of a median property of 7.09%, investors should hope to achieve an overall return of 3.04%

VIC has seen average median house prices change by 0.68% which means that Yarraville, 3013 has done well for property investors by showing a capital gain of 17.92% over the last year

While Yarraville,3013 ranked number 17th in VIC for increase in median house value (annualised) increase, it is ranked 156th over the last 5 years.

Yarraville3013 is located in VIC which offers an average discount of -6.31% to property investors. Yarraville itself is showing figures that indicate -5.48% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Yarraville being $625000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 4.08%

Metrics i HOUSE UNIT
$940,000 $625,000
-1.57% 12.01%
-4.57% 17.92%
7.09% 5.24%
$550 $490
161 69
3.04% 4.08%
78.0394736842105 63.2

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

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 13747
Median household income ($/weekly) 1583
Median age of persons 36
Median housing loan repayment ($/monthly) 2200
Average household size 2.4
  • Census Count Percent(%)
    0-4 years 1156 8.4
    5-14 years 1362 9.9
    25-34 years 2549 18.5
    35-44 years 2854 20.8
    45-54 years 1867 13.6
    Others 3959 28.8
    Age Group
    Census Count Percent(%)
    Registered Married 4408 42.7
    Not Married 4290 41.6
    Defacto Relationship 1623 15.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 9396 71.7
    Hong Kong 381 2.9
    United Kingdom 606 4.6
    Viet Nam 334 2.5
    Other 494 3.8
    Others 1890 14.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 495 3.9
    Christianity 6945 55.2
    Hinduism 114 0.9
    Islam 236 1.9
    No Religion 4677 37.2
    Others 104 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 384 7.8
    $1,500-$1,999 586 12.0
    $2,000-$2,499 510 10.4
    $2,500-$2,999 574 11.7
    $3,000-$3,499 402 8.2
    Others 2445 49.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5061 47.3
    Not in the labour force 2958 27.6
    Employed, worked part-time 1958 18.3
    Employed, away from work 406 3.8
    Unemployed, looking for work 327 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 1177 15.9
    Professionals 2385 32.1
    Technicians & trades workers 758 10.2
    Community & personal service workers 617 8.3
    Clerical & administrative workers 1066 14.4
    Others 1419 19.1
    Occupation
    Census Count Percent(%)
    Pre-school 276 9.6
    Infants/Primary 926 32.1
    Secondary 576 20.0
    Technical or Further Educational Institution 267 9.3
    University or other Tertiary Institutions 721 25.0
    Others 120 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10515 81.2
    Semi-detached, row or terrace house, townhouse 1312 10.1
    Flat, unit or apartment 1053 8.1
    House or flat attached to a shop, office 63 0.5
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1971 37.4
    Rented 1693 32.1
    Fully owned 1586 30.1
    Other tenure type 24 0.5
    Tenure Type
Census 2011, ABS
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