All About Yarraville, Maribyrnong, VIC, 3013

Yarraville, located in the Maribyrnong area of Victoria, is a suburb that captures the charm and vibrancy of Melbourne’s inner-west. The housing market here is known for its eclectic mix of architectural styles, ranging from beautifully restored Victorian and Edwardian homes to contemporary apartments and townhouses. Over recent years, Yarraville has seen a steady increase in property values, driven by its desirability and proximity to the Melbourne CBD. Despite this upward trend, Yarraville remains more affordable compared to some of its neighboring suburbs, attracting a diverse community of young professionals, families, and artists. The ongoing demand for housing in Yarraville continues to stimulate both residential developments and renovations, maintaining a dynamic and competitive market environment.

Living in Yarraville offers a distinctive blend of urban convenience and local village charm. The suburb is well-regarded for its vibrant community spirit and cultural diversity. It is home to the iconic Sun Theatre, an Art Deco cinema that serves as a cultural hub for residents and visitors alike. Cafés, boutique shops, and eateries line the streets, creating a bustling yet welcoming atmosphere. With public transport options including the Yarraville train station and multiple bus routes, commuting to the Melbourne CBD and other parts of the city is convenient and efficient. Additionally, the area boasts numerous parks and outdoor spaces, such as Yarraville Gardens and Cruickshank Park, offering residents ample opportunities for recreation and relaxation. Overall, Yarraville’s friendly community, thriving local economy, and strategic location make it a highly sought-after place to live in the greater Melbourne area.

Yarraville Real Estate Market Outlook

Thinking about buying in Yarraville? Now could not be a better time, with 9152 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,477,000 with prices in this suburb ranging from $275,000 to $5,453,000. Yarraville is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices

In Yarraville there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. High average incomes in Yarraville 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 Yarraville 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. High density population in Yarraville requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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