Yarraville

POSTAL CODE: VIC, 3013
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YARRAVILLE, 3013 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling YARRAVILLE, 3013 values up and netting property investors a capital gain of 0.87% for the past year.

Investors saw the median home price rise to $1,160,000.

Profits due to an downward trend in home prices in the suburb averaged -1.24% per annum over a 3-year period.

YARRAVILLE now ranks at the 477th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in YARRAVILLE are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $680 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In YARRAVILLE, homes and units usually stay on listing for an average of 61.6 days.

In 2016, 247 properties were sold in YARRAVILLE during the past year, making it the 415th most active market in VIC based on total real estate transactions.

Surburb overview

Yarraville, postcode 3013, is an inner suburb located approximately 7 kilometres west of Melbourne's Central Business District (CBD).  According to the 2021 census, it has a population of 15,636 residents.  The suburb is characterised by a diverse demographic, including young professionals, families, and retirees, with a median age of 36.  Most of the population comprises couples with children, reflecting a family-friendly environment. 

Public transportation in Yarraville is well-developed, offering residents convenient access to various parts of Melbourne. The Yarraville railway station serves the suburb on the Werribee and Williamstown lines, facilitating easy travel to and from the CBD and surrounding areas.  Additionally, several bus routes operate through Yarraville, providing further connectivity options. 

Yarraville has various essential establishments, including educational institutions, healthcare facilities, and shopping centres. The suburb boasts a variety of cafes, restaurants, and boutique shops, contributing to a vibrant local economy.  The presence of parks and recreational facilities enhances the quality of life for residents, offering spaces for leisure and community activities. 

Recreational activities are abundant in Yarraville, with numerous parks and green spaces available for public use. The picturesque Yarraville Gardens provides walking, picnicking, and outdoor sports opportunities.  Additionally, the suburb's proximity to the Maribyrnong River offers residents access to walking and cycling trails, catering to active individuals seeking to maintain a healthy lifestyle. 

Yarraville's blend of urban convenience and community-oriented living makes it desirable for diverse residents. 

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