Yarram is a smaller suburb in Victoria within the Wellington local government area (postcode 3971). With a population of 2,136, the suburb has a mature demographic with a median age of 53. Households earn a median income of $46K per year, with an average household size of 2.1 people. The most common occupations are labourers, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Yarram is $423,000, having grown strongly 8.3% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,083.
Yarram is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 964, which is around the national average of 1,000. Public transport access includes 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Yarram offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($423K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +8.3% year-on-year.
Yarram is a smaller suburb in Victoria within the Wellington local government area (postcode 3971). With a population of 2,136, the suburb has a mature demographic with a median age of 53. Households earn a median income of $46K per year, with an average household size of 2.1 people. The most common occupations are labourers, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Yarram is $423,000, having grown strongly 8.3% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,083.
Yarram is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 964, which is around the national average of 1,000. Public transport access includes 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Yarram offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($423K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +8.3% year-on-year.