All About Yarralumla, Unincorporated ACT, ACT, 2600

Yarralumla, located in the Unincorporated ACT region of the Australian Capital Territory, is a highly sought-after suburb known for its impressive housing market characterized by well-established properties and leafy streets. The area is renowned for its large, beautiful homes and spacious blocks, often reflective of classic Canberra architecture. The real estate market in Yarralumla tends to be competitive, with buyers attracted to its proximity to key governmental and cultural institutions, along with Lake Burley Griffin. The suburb's historical charm, combined with modern amenities, contributes to consistently high property values, making it a prestigious locality within Canberra's housing sector. This has made Yarralumla particularly appealing to professionals, diplomats, and families seeking a serene and upscale environment.

Living in Yarralumla offers residents an enviable quality of life, defined by its tranquil, community-oriented atmosphere and picturesque scenery. The suburb is home to several embassies and boasts a range of amenities including gourmet cafes, boutique shops, and expansive green spaces such as the Yarralumla Play Station and Weston Park. The accessibility to nature, combined with carefully maintained public spaces, provides plenty of recreational opportunities for walking, cycling, and leisurely activities along the lake's edge. Residents enjoy a strong sense of community, supported by local gatherings and events that foster a welcoming neighborhood atmosphere. The suburb's convenient location, balanced with its peaceful and lush setting, makes it an attractive place to live for those who appreciate a blend of urban convenience and suburban tranquility.

Yarralumla Real Estate Market Outlook

Thinking about buying in Yarralumla? Now could not be a better time, with 1934 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,841,000 with prices in this suburb ranging from $69,000 to $9,170,000. The aproximate distance to the coast is 105 Km.

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. High average incomes in Yarralumla 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 slightly lower than average earnings from occupations in Yarralumla changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Yarralumla to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in Yarralumla we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Yarralumla a better buying opportunity than it may have been in the past.

Instant Property Valuation

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Public Transport

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General Points of Interest

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