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yarra junction
3797, Victoria
Real Estate & Property Information
Median
Price Rank 408
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.
Invest/Buy/Sell Checklist
Research
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Finance Strategy & Lending Enquiry
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Due Diligence
- Ownership Structure
- Property Valuation
- Rental Appraisal
- Sale Contract Review
- Building & Pest Inspection
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Ownership Structure Enquiry
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Rental Appraisal Enquiry
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Sale Contract Review Enquiry
Check your Contracts Before Making an Offer
If you are serious about purchasing or selling a property with the least hassle then you should engage the services of a reputable conveyancer or lawyer who specialises in property. Have your contracts looked over before buying your next dwelling, for any possible concerns like easements, titles and any caveats, body corporate rules, zoning and planning potential issues.
What is Conveyancing?
Conveyancing is the term used to describe the way that a title, rights or interest in land is legally transferred from one person to another.
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Building & Pest Inspection Enquiry
Understand the Condition of Your Property Before You Buy
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Post Purchase
- Landlords Insurance
- Depreciation Schedule
- 1. Capital works allowance (Division 43) Takes into account the construction costs of the building itself, such as concrete and brickwork
- 2. Plant and equipment (Division 40) A deduction available for removable assets identified by the ATO that depreciate at a faster rate than the building eg carpet, dishwasher, blinds, ovens.
- Removalist
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Depreciation Schedule Enquiry
What is a Depreciation Schedule?
A depreciation schedule of your investment prepared by a Quantity Surveyor for the purpose of claiming against your taxable income. There are two main elements taken into account when preparing this report.
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Removalist Enquiry
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Adding value
- Planning & Permits
- Trades
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Planning & Permits Enquiry
Find Out Whether Your Property Has Development Potential
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Trades Enquiry
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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
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.
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 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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- Tony Fanfulla
- Bell Real Estate
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- Ashleigh Hall
- Andrew McMath Real Estate
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yarra junction Related Local Blog Posts
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This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….
Where is The Property Market Heading?
There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?
Property Market Trends in Melbourne Which Could Affect Prices
In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.
New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement
New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.
Is Australian Housing Heading for a Hard Landing or a Financial Cliff?
From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?
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
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