Suburb Profile Report for Yarra Glen VIC (3775)

Yarra Glen House: Median price $675,000, Annual capital growth 6.03%, Number of sales 35, Weekly median advertised rent $400

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

VIC has seen average median house prices change by 4.41% which means that Yarra Glen, 3775 has done well for property investors by showing a capital gain of 7.14% over the last year

Comparing Yarra Glen,3775 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Yarra Glen should be aiming for at least -7.71% off the asking price, which is the average vendor discount being achieved at the moment.

At number 2253 in a list of fastest selling suburbs, Yarra Glen is in the bottom 40% of suburbs in Australia with an average of days on market 84.7586 for properties listed there.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 6.03%, investors should hope to achieve an overall return of 3.08%

Metrics i HOUSE UNIT
$675,000 N/A
3.85% N/A
7.14% N/A
6.03% N/A
$400 N/A
35 N/A
3.08% N/A
84.7586206896552 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2611
Median household income ($/weekly) 1294
Median age of persons 37
Median housing loan repayment ($/monthly) 1700
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 378 14.5
    25-34 years 304 11.6
    35-44 years 391 15.0
    45-54 years 365 14.0
    55-64 years 341 13.1
    Others 832 31.9
    Age Group
    Census Count Percent(%)
    Registered Married 1067 56.2
    Not Married 647 34.1
    Defacto Relationship 184 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2168 86.2
    Greece 18 0.7
    Papua New Guinea 27 1.1
    United Kingdom 191 7.6
    Other 28 1.1
    Others 84 3.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 27 1.1
    Christianity 1480 61.2
    Hinduism 7 0.3
    Other Religious Groups 13 0.5
    No Religion 886 36.6
    Others 6 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 104 12.6
    $800-$999 80 9.7
    $1,250-$1,499 101 12.2
    $1,500-$1,999 116 14.1
    $2,000-$2,499 79 9.6
    Others 345 41.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 830 42.3
    Not in the labour force 580 29.6
    Employed, worked part-time 426 21.7
    Employed, away from work 88 4.5
    Unemployed, looking for work 37 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 194 14.5
    Professionals 202 15.1
    Technicians & trades workers 236 17.6
    Clerical & administrative workers 203 15.2
    Sales 159 11.9
    Others 344 25.7
    Occupation
    Census Count Percent(%)
    Pre-school 62 9.8
    Infants/Primary 249 39.3
    Secondary 178 28.1
    Technical or Further Educational Institution 55 8.7
    University or other Tertiary Institutions 74 11.7
    Others 15 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2415 97.0
    Semi-detached, row or terrace house, townhouse 37 1.5
    Flat, unit or apartment 37 1.5
    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 437 47.8
    Fully owned 316 34.6
    Rented 152 16.6
    Other tenure type 9 1.0
    Tenure Type
Census 2011, ABS
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