yarra glen

3775, Victoria

Real Estate & Property Information

Median
Price Rank
301

yarra glen Suburb Profile & Review

Yarra Glen is situated on the north-western edge of the Yarra Valley. Healesville is just fifteen minutes to the east, while Melbourne is only an hour away. The township's friendly community atmosphere causes residents to relish living there, and visitors will often make the return journey.

The township has some of the best food and wine the Yarra Valley has to offer. A number of spectacular wineries offer cellar door tastings, while locally grown produce is available from various markets around town. For a great place to eat, locals and tourists both enjoy the Yarra Glen Grand Hotel. Or just down the Melba Highway is Yering Station, which not only offers some of the Yarra Valley's best wines, but a superb restaurant with remarkable views of the area. De Bortoli and TarraWarra Estates are also nearby, and both have cellar door tastings.

Yarra Glen Primary School is located within the suburb itself, while Christmas Hills Primary School is less than a ten minutes away. High school students travel to one of the four secondary schools in Lilydale, such as Mount Lilydale Mercy College.

yarra glen Demographic Data

$ 437,500 Median House Price

53 Minutes Average Commute

37 Median Age

2,611 Population

50.56 % Female

49.44 % Male

744 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in yarra glen, Victoria.

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yarra glen Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

yarra glen Median House Prices

  • 2008 $ 320,000
  • 2009 $ 317,500
  • 2010 $ 375,000
  • 2011 $ 425,000
  • 2012 $ 437,500

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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yarra glen 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in yarra glen have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term yarra glen property price predictions.

yarra glen Market Property Types

  • 95 % Seperate House
  • 3 % Semi Detached
  • 2 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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yarra glen Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

yarra glen Income & Mortgage Stats

  • $ 1,294 Median Weekly Household Income
  • $ 1,700 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in yarra glen

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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yarra glen Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

yarra glen Sold Property Prices

yarra glen Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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yarra glen Restaurants

  • Zonzo at Train Trak Winery 957 Healesville-Yarra Glen Roadyarra glen VIC 377503 9730 2500
  • Yarrawood1275 Melba Hwy yarra glen VIC 377503 9730 2003
  • Yering Station38 Melba Hwy yarra glen VIC 377503 9730 0100

yarra glen Cafes

  • Delicious Cafe36 Bell Streetyarra glen VIC 377503 9730 1210
  • Highside Cafe31 Bell St yarra glen VIC 377503 9730 1228
  • Marsala CafeShop 3 38-40 Bell Streetyarra glen VIC 377503 9730 1114

yarra glen Schools

  • Yarra Glen Primary SchoolSymonds Streetyarra glen VIC 3775(03) 9730 1254State Primary School

yarra glen Childcare

  • Yarra Glen Child Care Centre43 Forest Streetyarra glen VIC 3775

yarra glen Kindergarten and Preschools

  • Yarra Glen PreschoolAnzac Avenueyarra glen VIC 3775

yarra glen Sporting Centres and Clubs

  • Yarra Glenyarra glen VIC 3775Bowling Club
  • Yarra Valley Country Clubyarra glen VIC 3775Bowling Club
  • Yarra Glen Pony Clubyarra glen VIC 3775Horse Riding Club

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