Suburb Profile Report for South Yarra VIC (3141)

South Yarra House: Median price $1,300,000, Annual capital growth 6.01%, Number of sales 146, Weekly median advertised rent $800

South Yarra Unit: Median price $525,000, Annual capital growth 2.12%, Number of sales 281, Weekly median advertised rent $475

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

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

  • Expert Report
  • House Report
  • Unit Report

Investment property in South Yarra 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 -25.71%

Across a shorter period, South Yarra, 3141 has seen a median price increase of 1.96% over the last quarter.

South Yarra, 3141 is offering VIC ‘s 295th 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.

The VIC suburb of South Yarra, 3141 is in the Stonnington (C) local government area.

Giving property investors a an unimpressive capital gain of -9.01% for the last year, South Yarra, 3141 is the 1166th highest performer in Australia in this respect.

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

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 South Yarra, 3141. Typically our figures indicate that -6.87% is being offered, which puts this VIC suburb at 450th most discounted overall in Australia.

With the median price for a house in South Yarra being $525000 and the advertised rent reaching $475 the gross rental yield for property investors calculates out to be 4.70%

Information supplied by:


August 2018

M
O

W
E

Tenants flood into the inner city

Postcode: 3141

Median unit price: $570,000

Vacancy rate: 2.9%

Three-year growth: -0.9%

The tenant population swelled in the suburb of South Yarra as the average vacancy rate dropped from 3.6% in May 2017 to 2.9% 12 months later.

This inner-city suburb sits just 4km southeast of the Melbourne CBD, making it a very accessible for working professionals. The average weekly rent comes in at $465, with landlords gaining an average return of 4.2%. This is a reasonable rate considering South Yarra’s location.

The suburb is a shopping and café district, with most of the action centred along Toorak Road and Chapel Street. It is also a hub of public transport, with two railway stations, namely, the South Yarra and Hawksburn stations.

Nonetheless, growth is starting to slip in this suburb despite its convenience. Unit prices started falling in 2015, and this trend has continued, with values decreasing by 1.2% in the May 2017-2018 period.

Metrics i HOUSE UNIT
$1,300,000 $525,000
1.96% -5.41%
-25.71% -9.01%
6.01% 2.12%
$800 $475
146 281
3.20% 4.70%
69.7333333333333 67.4492753623188

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

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in South Yarra VIC
Demographics
Total population 19134
Median household income ($/weekly) 1693
Median age of persons 33
Median housing loan repayment ($/monthly) 2300
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 1935 10.1
    25-34 years 6177 32.3
    35-44 years 2909 15.2
    45-54 years 1872 9.8
    55-64 years 1804 9.4
    Others 4437 23.2
    Age Group
    Census Count Percent(%)
    Not Married 8186 54.3
    Registered Married 4372 29.0
    Defacto Relationship 2514 16.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 10815 62.7
    Indonesia 471 2.7
    Papua New Guinea 708 4.1
    United Kingdom 1041 6.0
    Other 1311 7.6
    Others 2897 16.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 551 3.4
    Christianity 8421 51.2
    Hinduism 433 2.6
    Judaism 603 3.7
    No Religion 6022 36.6
    Others 402 2.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 680 8.2
    $1,250-$1,499 714 8.6
    $1,500-$1,999 1067 12.9
    $2,500-$2,999 1334 16.1
    $4,000 or more 676 8.2
    Others 3818 46.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 8555 53.5
    Not in the labour force 3844 24.0
    Employed, worked part-time 2526 15.8
    Unemployed, looking for work 549 3.4
    Employed, away from work 524 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 2051 17.7
    Professionals 5095 43.9
    Community & personal service workers 826 7.1
    Clerical & administrative workers 1495 12.9
    Sales 920 7.9
    Others 1219 10.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 498 14.3
    Secondary 570 16.4
    Technical or Further Educational Institution 319 9.2
    University or other Tertiary Institutions 1763 50.6
    Other type of educational institution 194 5.6
    Others 138 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 10534 62.8
    Separate house 3261 19.4
    Semi-detached, row or terrace house, townhouse 2935 17.5
    House or flat attached to a shop, office 38 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 5544 62.0
    Fully owned 1832 20.5
    Being purchased 1519 17.0
    Other tenure type 47 0.5
    Tenure Type
Census 2011, ABS
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