Thinking about buying in Yarra? Now could not be a better time, with 1193 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,503,000 with prices in this suburb ranging from $455,000 to $13,393,000. Yarra is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Yarra Real Estate Market Outlook

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in 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 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. 'Lower than average population density constrains growth in Yarra to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. 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.

Properties for sale Yarra

604-606 park st, princes hill, vic, 3054

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Auction $2,200,000 - $2,350,000

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General Points of Interest

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