Get a property report and suburb profile for any property in Yarraville

Yarraville sits in Melbourne’s inner west with a clear village atmosphere centred on Somerville Road and the Sun Theatre. Tree-lined streets of Victorian and Edwardian cottages sit beside converted warehouses and newer townhouses, so the suburb mixes heritage character with modern living. Cafes, independent shops and weekend markets in Yarraville Village draw families, creatives and young professionals, while the nearby Maribyrnong River and parklands provide riverside walking and open space. A local train station gives regular rail connections, making the area walkable and community-focused.

About 15,636 people live in Yarraville, with a median age of 37 and a median household income of $2,485 a week. The community is weighted towards families and roughly two in three homes are owner-occupied while about one third are rented. Council and state projects are active or planned in the village, from level crossing work to new walking and cycling links, a planned library relocation to the Bradmill Precinct and recent upgrades at Yarraville Gardens. Whether it suits you depends on what you value in a suburb.

On the figures, buying in Yarraville sits above what people locally earned at the last Census. A median house price of $1,100,000 works out to about 8.5 times a typical local household's annual income at the last Census, which is a high multiple. The median unit price of $573,750 is roughly 4.4 times a typical local annual household income, nearer the somewhat above range.

For renters, a house rent of $710 a week would take about 29% of a typical local household's weekly income at the last Census, a moderate share, while unit rent of $500 a week is about 20% of that weekly income, also a moderate share. Which of those feels expensive will depend on your own income and circumstances.

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

A clear split has appeared in Yarraville over the past 12 months. Unit values rose 7.1%, a solid increase, while house values rose 4.5%, a modest gain. On the rental side, house rents increased 4.4% over the year, a modest rise, whereas unit rents fell 2.5%.

If you are weighing Yarraville as an investment, the figures show stronger capital growth in the unit market this year, while houses recorded modest gains in both value and rent. Which of those movements matters most will depend on your objectives 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.