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Suburb Insights ยท VIC 3013

Yarraville 3013, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Yarraville is an inner-city suburb of Melbourne, Australia, with a population of approximately 15,636, making it a smaller community. Located approximately 7 km from the Melbourne CBD, Yarraville is a inner city area in Victoria. The median household income is $129,220 AUD per year (ABS 2021 Census).

Investment Score

84 / 100 Strong

Yarraville benefits from a high-income resident base, supporting premium property pricing. The short commute to the city centre is a key demand driver.

Location

Map shows Yarraville, Victoria, Australia.

Key Indicators

Postcode
3013

Official Australia Post postcode for Yarraville. A postcode may cover multiple suburbs.

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Population
15,636

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$462/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$129,220/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
7 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
4

Estimated 4 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
6

Estimated 6 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,500/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
66% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As an inner-city location, Yarraville benefits from proximity to employment, dining, and cultural precincts. Investment properties here typically attract young professionals and downsizers seeking walkable lifestyles. The median rent of $462/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,500/month. A median household income of $129,220/year supports premium property values and indicates a well-employed resident base.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, Yarraville is a natural candidate for patient investors.

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Rental Yield

Yarraville's rental market favours investors seeking yield โ€” occupancy rates are typically strong in this area.

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Renovation / Flip

Selective flip opportunities exist in Yarraville for investors with local market knowledge.

Risk Factors

Run the numbers on a Yarraville property

Full Property Analysis

30-year projections for Yarraville

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Strong Investor Sentiment: Strong

Yarraville is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. Strong rental fundamentals in Yarraville provide a reliable income base for investment properties. Overall, investor sentiment toward Yarraville is positive, backed by solid fundamentals.

Frequently Asked Questions

Is Yarraville a good suburb for investment?

Yarraville is a inner city area in Victoria with a population of 15,636. The median rent is $462/week and the median household income is $129,220/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Yarraville?

Key demand drivers in Yarraville include employment proximity and urban lifestyle. 66% of dwellings are separate houses. The area has approximately 4 schools and 6 parks nearby.

What is the population of Yarraville?

According to the ABS 2021 Census, Yarraville has a population of approximately 15,636. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Yarraville from the Melbourne CBD?

Yarraville is approximately 7 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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