South Yarra is a large suburb in Victoria within the Stonnington local government area (postcode 3141). With a population of 25,028, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $107K per year, with an average household size of 1.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in South Yarra is $2.3 million, having declined 5.8% over the past year. Units have a median price of $560,000 (-6.7% YoY). The current median weekly rent is $559. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $2,100.
South Yarra is served by 6 schools, including 2 primary, 2 secondary, 1 combined, 1 special. The average ICSEA score is 1152, which is well above the national average of 1,000. Public transport access includes 5 rail stations, 65 bus stops. The crime rate in the Stonnington LGA is higher than average at 12,012 incidents per 100,000 population.
From an investment perspective, South Yarra offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($2.3M/$875K), placing it in the premium segment. The price-to-income ratio of 21.1x is considered stretched. House prices have moved -5.8% year-on-year.
South Yarra is a large suburb in Victoria within the Stonnington local government area (postcode 3141). With a population of 25,028, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $107K per year, with an average household size of 1.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in South Yarra is $2.3 million, having declined 5.8% over the past year. Units have a median price of $560,000 (-6.7% YoY). The current median weekly rent is $559. This gives a gross rental yield of approximately 1.3%. The median monthly mortgage repayment is $2,100.
South Yarra is served by 6 schools, including 2 primary, 2 secondary, 1 combined, 1 special. The average ICSEA score is 1152, which is well above the national average of 1,000. Public transport access includes 5 rail stations, 65 bus stops. The crime rate in the Stonnington LGA is higher than average at 12,012 incidents per 100,000 population.
From an investment perspective, South Yarra offers a gross rental yield of 1.3%, rated as low yield. Property prices are above the state median ($2.3M/$875K), placing it in the premium segment. The price-to-income ratio of 21.1x is considered stretched. House prices have moved -5.8% year-on-year.