Yarra City, VIC

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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Capital Growth Heatmap

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.

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Yield chart
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Demand chart
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unit to houses pie charts
Renters to owners pie chart
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IRSAD chart
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Index chart
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GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

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SOM chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

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DOM chart
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Inventory chart
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Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
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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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