Yarrawonga is a medium-sized suburb in Victoria within the Moira local government area (postcode 3730). The area has roughly 8,661 residents and a settled, mature resident base, with a median age of 52. Households earn a median income of $60K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Yarrawonga is $534,000, having declined steeply by 17.3% over the past year. Units have a median price of $485,000 (+7.3% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,430.
Yarrawonga is served by 3 schools, including 1 primary, 1 secondary, 1 combined. The average ICSEA score is 1010, which is around the national average of 1,000. Public transport access includes 6 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Moira LGA is higher than average at 8,887 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 4.5%, which reads as moderate yield. Property prices sit below the state median ($534K/$875K), which can point to relative value. The price-to-income ratio of 8.9x is considered moderate. House prices have moved -17.3% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.