Question 1

Is Yarralumla a nice place to live?

Accepted Answer

Yarralumla sits on the western shore of Lake Burley Griffin and feels like an established inner-south Canberra suburb. Leafy, tree-lined streets, grand embassy residences and a mix of interwar cottages and mid-century homes on generous blocks give it a settled, residential character. The lakeside setting brings foreshore parks, a small boat harbour and pleasant walking and cycling routes, and local landmarks include Government House and a government-run plant nursery. A compact village shopping strip and regular bus services keep day-to-day errands convenient without disturbing the residential calm, and many residents work in the parliamentary and city precincts.

The suburb has 3,120 people, a median age of 50 and a typical household income of $3,327 a week (roughly $173,000 a year). Households are dominated by couple families and most homes are owner-occupied (76.4%) with 23.6% rented. Several government-led renewal and planning projects are under way or proposed, including the Canberra Brickworks precinct, a draft reuse plan for the former Forestry School site and transport and corridor planning that affects the area, along with a program to replace Minimbah Court with 30 new public homes. Whether that fits your needs depends on what you value in a suburb.

Question 2

Is it expensive to live in Yarralumla?

Accepted Answer

Rents in Yarralumla run to about $1,000 a week for houses and $510 a week for units. Against a typical local household income of $3,327 a week as recorded at the last Census, a $1,000 house rent would take about 30.1% of that income, a sizeable share, while a $510 unit rent would take about 15.3%, a modest share. If you're renting, those shares are the most relevant way to see how housing costs sit against local incomes; whether that feels expensive depends on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Yarralumla a good place to invest?

Accepted Answer

House rents in Yarralumla climbed 12.4% over the past year while median house values fell 2.0% in the same period, so on the houses side rental income rose strongly while prices moved modestly lower. Units tell a similar story at a smaller scale: unit rents rose 5.2% and median unit values edged up 0.3%, meaning rents outpaced price growth for units as well. Taken together, the figures for Yarralumla over the last 12 months show rental income was the stronger performer compared with capital growth; whether that balance suits your aims depends on your personal goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-2.0%	0.3%
Sold Past 3 months	9	3
Median days on market Past 12 months	85	N/A
Average rent Past 12 months	$1000	$510
Change in rent Past 12 months	12.4%	5.2%

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