Yarram is a smaller suburb in Victoria within the Wellington local government area (postcode 3971). It is home to about 2,136 residents, with a mature demographic and a median age of 53. Households earn a median income of $46K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, managers, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Yarram stand at $423,000, having risen solidly by 8.3% over the last twelve months. The current median weekly rent is $435. This gives a gross rental yield of approximately 5.4%. 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.
On the investment side, Gross rental yield sits at around 5.4% (high yield). Property prices sit below the state median ($423K/$875K), which can point to relative value. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +8.3% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.