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South Yarra, VIC 3141

Home » VIC Real Estate Data » Stonnington City, VIC » South Yarra, VIC 3141

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for South Yarra, VIC 3141 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

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5BR

Rent 

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Yield 

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4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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Lower Risk RCS™

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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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0 thoughts on “South Yarra, VIC 3141”

  1. The total adult population (15 years or older) of South Yarra 3141 VIC is 23,266, with a median age of 33. Of those, 25.61% are married, 9.57% are divorced or separated, 62.17% are single and 2.64% are widowed.

    The average household size is 1.7 people per dwelling, and the median household monthly income is estimated to be $12,424. The median monthly mortgage repayment for households in this suburb is $2,100 which is 16.90% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the heart of Victoria, the bustling suburb of SOUTH YARRA 3141 covers an estimated 21092 households. As we transition through Q3 of 2023, we witness typical house prices in the suburb soaring up to $2,117,844. A closer look at the market hints at a median weekly rent of $967, thereby creating an indicative yield of 2.37%.

    From a socio-economic perspective, SOUTH YARRA 3141 retains an impressive IRSAD score of 1124 out of 1217, which reflects a relatively high socio-economic status amongst the occupants in the area. Unveiling more traits about the residence dynamics, we see a distinct renter to owner ratio of 62%, suggesting a heavy renter concentration. Moreover, a quick glance at the property type ratio reveals an 80% units to houses ratio, painting a clear picture of unit prevalence in the locale.

    Adding to the suburb’s narrative, SOUTH YARRA 3141 was given an affordability index rating of 67 years for its houses. In other words, it would take the average person about 67 years to own the house outright based on the aforementioned price and rent figures.

    Assessing the supply dynamics, houses in SOUTH YARRA 3141 present a stock on market Percentage of 0.16%, indicating relatively low supply. Averaging the past 12 months of sales, the suburb’s inventory level for houses is at 0.57 months. Coupled with a building approvals Ratio of 0.03% for houses, this indicates limited new housing stocks entering the market.

    The number of days on market for houses stands at around 24 days in SOUTH YARRA 3141, which marries well with an intermediate vacancy rate of 1.92% (combining both houses and units). This is further corroborated by a buy search index for houses of 4, indicating a moderate demand for houses in the suburb.

    To put it simply, while SOUTH YARRA 3141 seems to have a higher-than-average renter population and a prominently high units-to-houses ratio, it maintains a healthy balance of supply and demand backed by an impressive socio-economic score. This, combined with its established property market, makes SOUTH YARRA 3141 worth your attention. As always, keeping abreast of the market’s trends is vital. For convenient and comprehensive market research, we recommend utilising tools like the RCS (Relative Composite Score) by HtAG Analytics, which provide a holistic market analysis using over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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