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Yarrambat, VIC 3091

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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 Yarrambat, VIC 3091 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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3BR

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Rent 

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Yield 

2BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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3BR

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 “Yarrambat, VIC 3091”

  1. The total adult population (15 years or older) of Yarrambat 3091 VIC is 1,367, with a median age of 47. Of those, 58.16% are married, 6.14% are divorced or separated, 33.28% are single and 2.49% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $10,584. The median monthly mortgage repayment for households in this suburb is $2,600 which is 24.57% of their earnings.

    Source: ABS Census Data (2021)

  2. The charming suburb of YARRAMBAT 3091, situated in Victoria, is comprised of approximately 605 households. As of the third quarter in 2023, the typical prices for houses in YARRAMBAT 3091 stands at $1,836,211. This is paired with a median weekly rent set at $630, equating to an indicative yield of 1.79%. Despite the yield falling below the 3% minimum attractive market requirement for cashflow-centred property investors, other essential metrics in the suburb showcase potential.

    YARRAMBAT has a prosperous socio-economic profile, with an IRSAD score of 1083 out of 1217. This figure signifies that the population of YARRAMBAT is experiencing a high degree of economic resources and access to skilled professions. Housing market dynamics in this area show a very low renter to owner ratio at 4%, far below the 30% threshold, and a 0% units to house ratio. These metrics reduce the competition among landlords, maintain the overall appeal of the neighbourhood, and could potentially secure longer tenancy periods.

    However, when considering the affordability index in YARRAMBAT, the prospect becomes less favourable. Here, residents will have to put in an estimated 67 years of work to own a property outright, substantially above the standard 30-year mortgage.

    As for market availability, the low stock on market Percentage for houses at 0.33%, married with a lean inventory level at 1.26 months, signals favourable market conditions for sellers. This limited supply is further emphasized by the building approvals Ratio for houses at 2.64%, slightly above the 0.3% preference level.

    On a less positive note, YARRAMBAT’s market shows high vacancy rates combining houses and units at 7.69% along with longer days on market for houses at 98 days. Also, online buy search index for houses stands at 3, indicating a limited demand in the property market, further emphasising that YARRAMBAT is currently a buyer’s market.

    Although there are some positive aspects of the YARRAMBAT property market, potential investors must consider all variables and trends in the market before making a decision. Even though some metrics skew towards the unfavorable side, other favourable metrics can potentially outweigh these. It’s essential to utilise comprehensive analytics such as HtAG Analytics’ RCS metric for a multifaceted analysis of the property market. This gives more depth to the numbers, bringing out the true market potential of suburbs like YARRAMBAT 3091.

    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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