Suburb Profile Report for Yarra Junction VIC (3797)

Yarra Junction House: Median price $535,000, Annual capital growth 7.07%, Number of sales 45, Weekly median advertised rent $325

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: CoreLogic

House Report

If you compare the increase in value of investment property in Yarra Junction, 3797 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 23.41%.

Yarra Junction,3797 was ranked 813 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Yarra Junction should be aiming for at least -5.15% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Yarra Junction the average time real estate has been on the market is 52.18 days.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 7.67%, investors should hope to achieve an overall return of 3.27%

Metrics	HOUSE	UNIT
Median price	$535,000	N/A
Quarterly growth	3.98%	N/A
12-month growth	24.42%	N/A
Average Annual Growth	7.07%	N/A
Weekly median advertised rent	$325	N/A
Number of sales	45	N/A
Gross rental yield	3.16%	N/A
Days on market	45.19	N/A

Source: CoreLogic

DSR Score for property investment : Above average (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