Question 1

Is Yarram a nice place to live?

Accepted Answer

Yarram is a Gippsland country town and service centre with a compact main street of heritage brick and timber buildings that hosts cafes, shops and community facilities.

Yarram is an older community with incomes below the median for Victoria and many households owning their homes outright.

Couples without children are the largest family group, at 51.4% of families. At the 2021 Census, 2,136 people lived in Yarram.

Yarram and Victoria

	Suburb	VIC
Median age years	53	38
Median household income weekly	$889	$1,759
Couples with children share of families	28.6%	45.5%
Couples without children share of families	51.4%	37.6%
One-parent families share of families	18.1%	15.2%
Homes owned outright share of homes	53.6%	33.2%
Homes with a mortgage share of homes	23.4%	37.3%
Homes rented share of homes	23.0%	29.5%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Question 2

Is it expensive to live in Yarram?

Accepted Answer

A typical local household in Yarram earned about $889 a week at the last Census. A house renting for $388 a week would take roughly 44% of that weekly income, so on these figures rent represents a large share of a typical local household's income. If you're renting rather than buying, that rent share is the number that matters.

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 Yarram a good place to invest?

Accepted Answer

House values in Yarram edged up 1.2% in the most recent 12 months, a slight increase in capital value for houses.

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	1.3%	N/A
Sold Past 3 months	2	1
Median days on market Past 12 months	92	N/A
Average rent Past 12 months	$388	N/A
Change in rent Past 12 months	N/A	N/A

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