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AREA REPORTS

South Yarra

Suburb Profile

South Yarra - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3141

house
unit

Property investors enjoyed capital gains of 42.23% over the last 12 months in SOUTH YARRA, translating to lower returns compared with its peers in VIC.

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

The suburb posted a 8.33% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $750 based on current median home prices for the suburb.

On average, rents on listings have reached the $750 mark, reflecting a 2% increase in returns based on the current median price in SOUTH YARRA.

SOUTH YARRA, 3141 ranks 6th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 563rd on the list of best yielding suburbs for rental properties in VIC, posting a 2% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,950,000 $587,500
GROWTH REPORT
Median Quarterly 1.83% 0.99%
Median 12 month 42.23% 10.85%
Median 3 years 8.33% -4.47%
Median 5 years 42.34% -1.18%
10 years average annual 8.52% 0.81%
Weekly media advert. rent $750 $475
Time on Market 57.7 days 59.3 days
Gross Rental Yield Percent 2% 4.2%
demographics (median values)
Total Population
17996
Weekly Household Income
1225
Household Size
1.80
demographics
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