Suburb Profile Report for Yarra Junction VIC (3797)

Yarra Junction House: Median price $553,000, Annual capital growth 6.35%, Number of sales 47, Weekly median advertised rent $345

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

Source: CoreLogic

  • House Report

With a capital gain of 23.58% for the last 12 months, Yarra Junction, 3797 has performed for property investments than its average annual 6.35% property growth over the last 5 years.

While Yarra Junction,3797 ranked number 388th in VIC for increase in median house value (annualised) increase, it is ranked 343th over the last 5 years.

Vendor discounting in Yarra Junction is giving property investors an average Vendor Discount of around -4.27%. This puts suburb at number 424th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Yarra Junction the average time real estate has been on the market is 37 days.

Using the current median advertised rental of $345 and the average annual increase in value of a median property of 6.35%, investors should hope to achieve an overall return of 3.24%

Metrics i HOUSE UNIT
$553,000 N/A
0.55% N/A
23.58% N/A
6.35% N/A
$345 N/A
47 N/A
3.24% N/A
37 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 2297
Median household income ($/weekly) 937
Median age of persons 41
Median housing loan repayment ($/monthly) 1543
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 300 13.1
    25-34 years 243 10.6
    35-44 years 324 14.1
    45-54 years 284 12.4
    55-64 years 290 12.6
    Others 856 37.3
    Age Group
    Census Count Percent(%)
    Registered Married 776 49.7
    Not Married 631 40.4
    Defacto Relationship 153 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1811 85.5
    New Zealand 25 1.2
    Papua New Guinea 31 1.5
    United Kingdom 152 7.2
    Other 26 1.2
    Others 73 3.4
    Country of Birth
    Census Count Percent(%)
    Christianity 1192 59.7
    No Religion 768 38.5
    Buddhism 18 0.9
    Other Religious Groups 14 0.7
    Islam 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 85 12.0
    $400-$599 83 11.7
    $600-$799 86 12.1
    $1,000-$1,249 76 10.7
    $2,000-$2,499 69 9.7
    Others 310 43.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 726 42.8
    Employed, worked full-time 540 31.9
    Employed, worked part-time 309 18.2
    Employed, away from work 87 5.1
    Unemployed, looking for work 33 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 112 12.0
    Professionals 115 12.3
    Technicians & trades workers 184 19.7
    Community & personal service workers 106 11.3
    Clerical & administrative workers 139 14.9
    Others 279 29.8
    Occupation
    Census Count Percent(%)
    Pre-school 33 7.1
    Infants/Primary 183 39.2
    Secondary 144 30.8
    Technical or Further Educational Institution 45 9.6
    University or other Tertiary Institutions 37 7.9
    Others 25 5.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1843 92.4
    Semi-detached, row or terrace house, townhouse 75 3.8
    Caravan, cabin, houseboat 36 1.8
    Flat, unit or apartment 31 1.6
    House or flat attached to a shop, office 9 0.5
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 332 42.5
    Fully owned 267 34.2
    Rented 170 21.8
    Other tenure type 12 1.5
    Tenure Type
Census 2011, ABS
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Recent sales & rentals