Suburb Profile Report for Yarraville VIC (3013)

Yarraville House: Median price $995,000, Annual capital growth 7.40%, Number of sales 217, Weekly median advertised rent $520

Yarraville Unit: Median price $530,000, Annual capital growth 3.71%, Number of sales 69, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 11.05% for the last 12 months, Yarraville, 3013 has performed for property investments than its average annual 7.53% property growth over the last 5 years.

Yarraville,3013 has offered an average of 11.05% return per annum in house price rises to property investors over the last three years.

Yarraville, 3013 is offering VIC ‘s 335th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Often selling an investment property can take time, and in Yarraville the average time real estate has been on the market is 52.44 days.

A $520 per week rent on the median house gives suburb investors a gross yield of circa 2.70%, without taking into account capital value appreciation, which has been averaging out at 7.53%.

Investment property in Yarraville has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -11.29%

The five-year average increase in median property values for Yarraville,3013 has given property investors a potential capital gain of 6.09% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Yarraville is offering property investors an average of -4.58. This rate of discount on properties puts Suburb at number 9th in terms of most discounted suburbs in VIC

The VIC suburb of Yarraville, 3013 is in the Maribyrnong local government area.

Metrics i HOUSE UNIT
$995,000 $530,000
-1.00% 4.43%
9.34% -7.10%
7.40% 3.71%
$520 $390
217 69
2.72% 3.83%
55.82 77

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Yarraville VIC
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
Chart Table
Recent sales & rentals