Thinking about buying in South Yarra? Now could not be a better time, with 28570 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,521,000 with prices in this suburb ranging from $38,000 to $37,592,000. South Yarra is located fairly close to the coast at just 1Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $446.10 |
Median Monthly Mortgage | $2347.45 |
Median Persons Per Bedroom | 0.97 |
Average Household Size | 1.95 |
Average Age | 34.50 |
Average Income | $1435.35 |
Average Cars Per Dwelling | 0.96 |
Average Properties Within 50M | 313 |
1 Bed  $529,000 |
2 Bed  $1,185,000 |
3 Bed  $3,324,000 |
4 Bed  $5,096,000 |
5 Bed  $7,061,000 |
6 Bed+$5,419,000 |
Consistent high demand relative to supply is a key feature in South Yarra driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in South Yarra ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in South Yarra classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in South Yarra necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
South Yarra is a suburb in inner Melbourne, Victoria, and is split between two local government areas – The Cities of Melbourne and Stonnington. First established in 1850, with South Yarra Post Office first opening in 1854, South Yarra has grown into a hub of commerce, night life and entertainment. The two most popular streets for retail, Chapel Street and Toorak Road, are densely populated with up-market shopping destinations and eateries. South Yarra is an eclectic mixture of types of accommodation, ranging from modern apartment complexes to beautiful Victorian mansions and covering everything in-between; the variety in the architectural style of the suburb reflects its diverse culture perfectly.
South Yarra is just 4 kilometres from the centre of Melbourne, making it an opportunely placed suburb for residents requiring quick and convenient access o the city. The vibrant, bustling commercial sector that runs through the suburb, coupled with the excellent connections to central Melbourne and the surrounding areas, make South Yarra an exciting and sought after place to own property, well-serviced by excellent public facilities and full of developmental opportunity and promise.
South Yarra Primary School
Kamaruka
Melbourne High School
Christ Church Grammar School
Melbourne Girls Grammar
Melbourne Grammar School
MacRobertson Girls High School
Richmond Primary School
Wesley College
Victorian College For The Deaf
(While the above schools are located with the suburb of South Yarra there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.5 | 16.4 | 27.0 | 42.8 | 86.8 | 2.9 | 23.8 |
Feb | 1.0 | 15.9 | 25.8 | 44.4 | 86.5 | 2.7 | 20.3 |
Mar | 1.1 | 14.5 | 24.1 | 45.4 | 88.1 | 2.5 | 15.6 |
Apr | 2.0 | 12.1 | 20.8 | 48.0 | 90.9 | 2.4 | 10.6 |
May | 1.6 | 10.0 | 17.7 | 52.3 | 89.4 | 2.9 | 7.8 |
Jun | 1.3 | 7.7 | 15.0 | 59.8 | 93.7 | 2.5 | 6.9 |
Jul | 1.3 | 7.8 | 14.4 | 56.9 | 89.5 | 3.3 | 7.4 |
Aug | 1.6 | 7.8 | 15.1 | 51.2 | 89.3 | 3.0 | 10.0 |
Sept | 1.4 | 9.3 | 17.7 | 46.1 | 88.9 | 3.1 | 14.0 |
Oct | 1.4 | 11.1 | 21.1 | 42.8 | 89.3 | 3.2 | 18.3 |
Nov | 1.8 | 12.5 | 22.4 | 43.4 | 88.6 | 2.9 | 20.8 |
Dec | 2.0 | 14.6 | 24.8 | 43.5 | 88.6 | 2.8 | 24.0 |
source: Australian Government Bureau of Meteorology
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