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Yarra City, VIC

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The City of Yarra is a local government area in Melbourne, Victoria. The local real estate market is in demand, with many buyers looking for properties in the central suburbs. The market is popular with young professionals and families, as it is close to the city centre and has a wide range of amenities.

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While there is no doubt that Yarra City is an expensive place to live, it is also a very desirable one, with a thriving arts and culture scene, excellent schools and a wealth of recreational opportunities. As a result, demand for property is high, and it is likely that prices will continue to rise in the years to come.

The Yarra City economy is based around the service and knowledge sectors. There are also a number of manufacturing and retail businesses in the area. The LGA is home to a number of technology companies, as well as a number of universities and hospitals.

Professionals (42.9 %), Managers (16.8 %), Clerical and Administrative Workers (10.9 %), Community and Personal Service Workers (8.8 %), and Sales Workers (7.2 %) are the most prevalent professions in Yarra. In Yarra, the typical weekly personal income for residents aged 15 and over is $1,039.

The Yarra City, Victoria market is a mix of detached homes, townhouses, and apartments. In Yarra, 14.0 % of occupied private homes are detached houses, 38.9 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 46.0 % are flats or apartments, and 0.6 % are other housing.

When investing in the Yarra City, Victoria market, it is important to research the area and its potential growth prospects, as well as the current market conditions. It is also important to have a realistic idea of what you can afford, and to be prepared for potential risks involved in property investment.

Explore the property market trends in Yarra city with the help of interactive dashboard below.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield 

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Rent 

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in Yarra City, VIC

What other property markets are there near Yarra City, VIC?

Yarra City is surrounded by 5 other council areas – Boroondara, Darebin, Stonnington, Melbourne, Moreland.

Suburbs/localities in this Local Government Area: Abbotsford 3067, Princes Hill 3054, Richmond 3121, Burnley 3121, Clifton Hill 3068, Collingwood 3066, Cremorne 3121, Fitzroy 3065

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