Thinking about buying in Yarras? Now could not be a better time, with just 11 residential dwellings it's a highly sought after location.
Distance to the coast is 142 Km.
In Yarras 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. Low average incomes in Yarras is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Yarras changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Yarras the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
|Median Weekly Rent||$|
|Median Monthly Mortgage||$|
|Median Persons Per Bedroom|
|Average Household Size|
|Average Cars Per Dwelling|
|Average Properties Within 50M||2.00|
None within suburb boundary(While the above schools are located with the suburb of Yarras there may also be nearby schools whose catchments cover this suburb)
Incidents Trend State Average
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source: Australian Government Bureau of Meteorology
|18-01-2021||$2,450,000||97 YARRAS LANE YARRAS 2795|
|03-02-2015||$660,000||968 LIMEKILNS RD YARRAS 2795|
|15-06-2007||$820,000||940 LIMEKILNS RD YARRAS 2795|
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