All About Yallambie, Banyule, VIC, 3085

Yallambie, located in the City of Banyule, Victoria, is a residential suburb that has been experiencing noticeable changes in its housing market. Traditionally characterized by its leafy streets and family-friendly environment, Yallambie has seen a steady increase in property demand, driven by its proximity to Melbourne's central business district and its appealing suburban charm. Homes in Yallambie typically consist of well-maintained 1970s family houses and more contemporary townhouses, which attract both young families and professionals looking for a balance of convenience and community living. The suburb benefits from its accessibility, with nearby public transport options, including buses and train stations, and well-linked road networks, allowing for easy commuting. The growing interest in Yallambie has led to competitive house prices, making it a potential hotspot for investors and buyers seeking long-term returns in Melbourne's bustling real estate market.

Living in Yallambie offers residents a blend of peaceful suburban life with accessible city amenities. Surrounded by nature reserves and parks, such as the Yallambie Park and Plenty River Trail, the area provides ample opportunities for outdoor activities, biking, and leisurely strolls. Community facilities, including local schools, shopping centers, and healthcare services, cater to families and individuals, ensuring a supportive environment for all residents. The suburb’s close-knit community atmosphere is complemented by local events and activities that bring neighbors together, fostering a sense of belonging. Yallambie's appeal lies in its ability to maintain a serene suburban lifestyle while being a short distance from the vibrant pulse of Melbourne, making it an ideal location for those looking to escape the hustle and bustle without sacrificing accessibility to urban conveniences.

Yallambie Real Estate Market Outlook

Thinking about buying in Yallambie? Now could not be a better time, with 1471 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,254,000 with prices in this suburb ranging from $688,000 to $2,597,000. The aproximate distance to the coast is 14 Km.

In Yallambie 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 Yallambie 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 Yallambie 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 Yallambie necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. 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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