yarra junction

3797, Victoria

Real Estate & Property Information

Median
Price Rank
408

yarra junction Suburb Profile & Review

Yarra Junction is quaint town on the Warburton Highway between Launching Place and Wesburn. The town was named so because it sits at the junction of the Yarra and Little Yarra rivers.

There is a large Woolworths supermarket in town, along with the Yarra Centre, an aquatic and leisure centre that includes a 25m indoor heated pool and health club. Amanda's cafe is a popular meeting spot for its laidback atmosphere and tasty menu.

There are four schools in Yarra Junction: Yarra Junction Primary School, St Joseph's Primary School, Upper Yarra Secondary College which has students from thirteen different primary schools, and the K-12 Little Yarra Steiner School. Caulfield Grammar School has a campus in Yarra Junction that is designed to educate students about earth studies and environmental sustainability. The campus has eco-cabins and classrooms that use solar and wind power as well as rainwater tanks that make it sustainable. It is also home to a commercial dairy.

yarra junction Demographic Data

$ 365,000 Median House Price

68 Minutes Average Commute

41 Median Age

2,297 Population

52.94 % Female

47.06 % Male

581 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 junction, Victoria.

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yarra junction 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 junction Median House Prices

  • 2008 $ 256,000
  • 2009 $ 316,498
  • 2010 $ 282,000
  • 2011 $ 345,000
  • 2012 $ 365,000

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 junction 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 junction 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 junction property price predictions.

yarra junction Market Property Types

  • 89 % Seperate House
  • 6 % Semi Detached
  • 2 % Flat or Unit
  • 4 % 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 junction 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 junction Income & Mortgage Stats

  • $ 937 Median Weekly Household Income
  • $ 1,543 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 junction

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 junction 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 junction Sold Property Prices

yarra junction 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 junction Restaurants

  • Yarra Junction Pizza2445 Warburton Highwayyarra junction VIC 379703 5967 2188
  • Riverview Chinese RestaurantShop 19, Yarra Junction Village Shopping Centreyarra junction VIC 379703 5967 2133
  • Cunninghams2424 Warburton Highwayyarra junction VIC 379703 5967 1080

yarra junction Cafes

  • Amanda's Cafe2460 Warburton Highway yarra junction VIC 379703 5967 1593
  • The Ranges Cafe2445 Warburton Hwy yarra junction VIC 379703 5967 2777

Find out How Much your House is Worth in yarra junction

Request a free market Basic Report for yarra junction to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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