Yarra Junction is a smaller suburb in Victoria within the Yarra Ranges local government area (postcode 3797). With a population of 2,875, the suburb has an established demographic with a median age of 43. Households earn a median income of $68K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, community & personal service, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Yarra Junction is $715,000, having risen modestly 1.8% over the past year. Units have a median price of $570,000 (-6.6% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,800.
Yarra Junction is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1007, which is around the national average of 1,000. Public transport access includes 2 rail stations, 14 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Yarra Junction offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($715K/$875K). The price-to-income ratio of 10.6x is considered stretched. House prices have moved +1.8% year-on-year.
Yarra Junction is a smaller suburb in Victoria within the Yarra Ranges local government area (postcode 3797). With a population of 2,875, the suburb has an established demographic with a median age of 43. Households earn a median income of $68K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, community & personal service, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Yarra Junction is $715,000, having risen modestly 1.8% over the past year. Units have a median price of $570,000 (-6.6% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,800.
Yarra Junction is served by 4 schools, including 2 primary, 1 secondary, 1 combined. The average ICSEA score is 1007, which is around the national average of 1,000. Public transport access includes 2 rail stations, 14 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Yarra Junction offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($715K/$875K). The price-to-income ratio of 10.6x is considered stretched. House prices have moved +1.8% year-on-year.