South Yarra snapshot
- Median price: $919,655
- Median weekly rent: $813/wk
- Population: 27,554
- Days on market: 55 days
How South Yarra stacks up
- Rental Yield: High
- Capital Growth: Soft
- Vacancy: High
About South Yarra
South Yarra, located in Victoria, is a vibrant suburb known for its appealing lifestyle and diverse amenities. With a median property price of $919,655, it attracts a variety of residents, contributing to a population of 27,554. Investors may find potential in the suburb's dynamic market, despite a current soft capital growth band, indicating a period of stabilisation rather than rapid appreciation.
The rental market in South Yarra presents opportunities as well, with a median weekly rent of $828. While the rental vacancy band is high, this could suggest a competitive rental market where investors may need to be strategic in their pricing and marketing to attract tenants. Additionally, the high rental yield band indicates that the suburb can provide solid returns for investors willing to navigate its current market conditions.
Frequently asked questions
What is the median property price in South Yarra?
The median property price in South Yarra is $919,655.
How much is the average weekly rent?
The median weekly rent in South Yarra is $828.
What is the population of South Yarra?
The population of South Yarra is 27,554.
How long do properties typically stay on the market?
Properties in South Yarra typically stay on the market for around 55 days.
What is the current state of capital growth in South Yarra?
The capital growth in South Yarra is currently in a soft band.