South Yarra

POSTAL CODE: VIC, 3141
HOUSE
UNIT

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.

This number can mean, real estate investors could earn a rental income of $695 based on current median home prices for the suburb.

On average, rents on listings have reached the $695 mark, reflecting a 1.85% increase in returns based on the current median price in SOUTH YARRA.

SOUTH YARRA, 3141 ranks 674th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 560th on the list of best yielding suburbs for rental properties in VIC, posting a 1.85% return.

Surburb overview

South Yarra is an inner-southern suburb of Melbourne located within the City of Stonnington. The suburb lies about four kilometres south-east of the Melbourne central business district and forms part of the city’s established inner-urban residential and commercial area.

South Yarra recorded a population of more than 25,000 residents at the 2021 census, with a high proportion of young adults and working-age professionals. The demographic profile shows a large share of renters and apartment households, reflecting the suburb’s density and proximity to employment centres.

Housing in South Yarra is dominated by apartments and units, ranging from mid-rise developments to high-density towers, alongside pockets of Victorian-era terraces and converted dwellings.

South Yarra is a significant public transport node, serviced by the South Yarra railway station, which provides access to multiple metropolitan train lines, including the Frankston, Sandringham, Cranbourne and Pakenham corridors.

An extensive tram network operates along Chapel Street, Toorak Road and nearby arterial routes, offering frequent connections to the CBD and surrounding inner suburbs. Road access is supported by arterial routes such as Punt Road and Toorak Road, although traffic congestion is common during peak periods.

The suburb contains a significant concentration of retail, dining and service businesses, particularly along Chapel Street and Toorak Road. Supermarkets, medical clinics, allied health services and professional offices are readily accessible within the local area.

Educational facilities in and around South Yarra include primary schools, as well as secondary schools and tertiary institutions in neighbouring inner-city suburbs.

Recreational amenities include access to the Royal Botanic Gardens, the Yarra River trail network and several local parks that support walking, cycling and informal recreation.

Employment within South Yarra is concentrated in retail, hospitality, professional services and health-related sectors.

The suburb’s inner-city location, transport connectivity and mix of residential and commercial uses define its role as a high-density, well-established part of metropolitan Melbourne.

You’re out of free articles for this month
Loading form...