All About Yarrambat, Nillumbik, VIC, 3091

Yarrambat, located in the Shire of Nillumbik, Victoria, is often described as a peaceful and semi-rural suburb that offers a unique blend of country living with the convenience of being not too far from Melbourne’s CBD. The housing market in Yarrambat is characterized by spacious properties and larger-than-average block sizes, which appeals to those seeking a quieter lifestyle away from the hustle and bustle of city life. The properties here often feature ample outdoor space, making it ideal for families and individuals who value privacy and nature. Recent trends suggest that although the housing market in Yarrambat is not as fast-paced as more urban areas, there is a steady demand driven by buyers looking for green spaces and a community-oriented vibe. Prices have seen moderate increases, reflective of the desirable lifestyle and the limited availability of properties in this semi-rural setting.

Living in Yarrambat offers residents a tranquil environment surrounded by natural beauty, including parks and reserves like Plenty Gorge Parklands, which provide opportunities for outdoor activities such as hiking, picnicking, and birdwatching. The community is tight-knit, with local events and activities fostering a friendly and inviting atmosphere. Essential amenities such as schools, local shops, and recreational facilities are accessible, although residents often travel to nearby larger suburbs for a wider range of services. The presence of local cafes and markets contributes to a modest yet satisfactory community lifestyle. Overall, Yarrambat attracts those who appreciate a slower pace of life, a strong sense of community, and the chance to live close to nature while not being too removed from city conveniences.

Yarrambat Real Estate Market Outlook

Thinking about buying in Yarrambat? Now could not be a better time, with 878 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $2,138,000 with prices in this suburb ranging from $997,000 to $5,734,000. The aproximate distance to the coast is 22 Km.

Consistent high demand relative to supply is a key feature in Yarrambat driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Yarrambat 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. A mix of professions and above average income earners in Yarrambat provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Yarrambat necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Yarrambat 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 Yarrambat 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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