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Yarraville, VIC 3013

Home » VIC Real Estate Data » Maribyrnong City, VIC » Yarraville, VIC 3013

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 Yarraville, VIC 3013 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.

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Yield 

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Buy 

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Rent 

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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 “Yarraville, VIC 3013”

  1. The total adult population (15 years or older) of Yarraville 3013 VIC is 12,644, with a median age of 37. Of those, 40.88% are married, 9.85% are divorced or separated, 45.59% are single and 3.71% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $12,864. The median monthly mortgage repayment for households in this suburb is $2,500 which is 19.43% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the heart of Victoria, the suburb of YARRAVILLE 3013 is known to house an estimated total of 7968 households. As per the data collected in Q3 of 2023, the standard prices for houses in this bustling location look to be steady at $1,145,928. Property investors will be intrigued to note that homes in YARRAVILLE can potentially command a median rent of $628 per week, consequently offering an indicative yield of 2.85%.

    The socio-economic standing of the suburb is quite remarkable, as represented by an impressive IRSAD score of 1109 out of a possible 1217. This high score indicates that residents within YARRAVILLE typically enjoy access to a broad range of financial resources, exemplifying a healthy inflow of income, and a higher prevalence of skilled professions.

    Investors might take notice of the renter to owner ratio, which sits comfortably at 33%. This figure suggests a balance between homeowners and renters, thereby nurturing a varied and vibrant community. Bolstering a 17% ratio of units to houses, the property market in the area escapes the risk of oversaturation by apartments, with a moderate dominance of houses in the area.

    However, the affordability index does reveal some potential setbacks, as it would take approximately 35 years for an individual to wholly own a property in the suburb. Therefore, while the suburb index does depict a higher price point, it also boasts prospective rental yields.

    Supply side metrics present a favourable layout. The stock on the market percentage for houses is a low 0.2%. Simultaneously, inventory levels for houses have been measured at around 0.87 months, which assures that the suburb has a favourable low supply. Building approval ratio for the locale is also on the favourable side at just 0.94%.

    Assessing market demand for houses, the statistics show a moderate pace, with homes typically staying on the market for about 42 days. The vacancy rate for housing is a reasonable 1.48%. However, the buy search index for houses is a bit limited, sitting at a neutral 3.

    The property market within the suburb of YARRAVILLE 3013 has demonstrated a balance of pros and cons when it comes to investment potential. Essentially, while a few metrics may seem unfavourable, the suburb exudes an overall positive vibe thanks to strong socio-economic indicators, a reasonable indicative yield, and robust supply 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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