Yarrawonga, Vic

 

Market Overview

 

Yarrawonga is located 265km north-east of Melbourne's Central Business District (CBD). Its local government area is the Shire of Moira.

The town is situated on the south bank of the Murray River, the border between Victoria and New South Wales. Yarrawonga's main attraction is Lake Mulwala, formed by the damming of the Murray River, immediately downstream of Yarrawonga.

 

 

People

Yarrawonga’s population is dominated by older and established families.

 

Lifestyle

Residents of Yarrawonga are able to waterski, jet ski or canoe in Lake Mulwala or enjoy a barbeque at the Points waterfront precinct.

 

Homes

New homes dominate Yarrawonga’s housing stock.

Demand & Demographics

 

Population

The nature and size of the local population, both now and in the future, is a key driver of property demand. Better understanding the local population can assist property buyers to make better decisions.

People



  • Total Population

    7,057

  • Female

    3,654

  • Male

    3,403

  • Median Age

    47

Family Composition



  • Families

    1,869

  • Children per family

    1.9

Occupation



  • Total Employed

    2,411

  • Top Occupation

    Technicians and trades workers

  • Top Occupation % Share

    17.7%

Income $/week



  • Personal

    $435

  • Family

    $987

  • Household

    $809

 

Family composition



  • Couple without Children

    960

  • Couple with Children

    625

  • One Parent Family

    259

Age



  • Top age group

    65-69

  • Top age number

    534

  • Top age group % share

    7.6%

Industry of employment



  • Top Industry

    Other basic chemical product manufacturing

  • Total Workers (in top industry)

    165

  • Share of Employment

    6.3%

Supply & Dwellings

 

Building approvals - New Houses



  • Total Number

    49

  • Value ('000)

    $13,602

  • % Share

    92%

* These statistics are financial year to date

Building approvals - Other



  • Total Number

    4

  • Value ('000)

    $576

  • % Share

    8%

* These statistics are financial year to date

Dwelling Type (number)



  • Detached houses

    2,121

  • Semi-detached houses

    201

  • Flats, units or apartments

    304

Dwelling tenure (number)



  • Owned outright

    1,155

  • Owned with a mortgage

    767

  • Rented

    675

Sales Market

 

Property Market Indicator


  • Average days on market

    140

 

Prices


More about this Suburb ?

  • 2.04%

    Median Price Annual Change (10 years)

  • 0.05%

    Price Change (1 Year)

  • $307

    Median Rent per week

  • 5.03%

    Gross Rental Yield

  • 1.27%

    Median Price Annual Change (10 years)

  • 1.83%

    Price Change (1 Year)

  • $250

    Median Rent per week

  • 5.61%

    Gross Rental Yield

 

Rental Market

 

Yarrawonga, Vic Rent

$307 PW

Rental Growth and Yield

Gross Rental Yield
5.03%
Change in Rental Rate (1 Year)
2.93%
Gross Rental Yield
5.61 %
Change in Rental Rate (1 Year)
3.49 %
Data Disclaimers

Infrastructure, Jobs & Planning

 

Location & Convenience


Distance to

 

Roads & Public transport

 

 

Bus

Regional Bus - Wangaratta - Yarrawonga
Regional Bus - Yarrawonga and Mulwala FlexiRide Service

 

Tram

 

Train

Yarrawonga Station

 

Roads

Murray Valley Highway

Victorian data sourced from Public Transport Victoria (PTV) and VicRoads
Queensland data sourced from Queensland Government and TransLink

 

Employment Centres

 

Yarrawonga is centrally located within a region experiencing significant investment in infrastructure, employment and housing.

Source: Australian Bureau of Statistics (ABS) 2011.