Yarra Glen

Yarra Glen, VIC 3775, home to a population of 3012 residents, offers a mix of age groups with a significant number of residents aged between 5 to 19 years and 45 to 64 years. The suburb has a median household income per week of $1,818 and a high number of residents commute by motor vehicle. With an ICSEA Percentile of 48.0, the suburb's government schools offer a moderate level of educational advantage to students. Yarra Glen presents a balanced real estate market for both houses and units. The house market boasts a good yield and moderate growth rates, appealing to investors looking for stable returns. The high room demand-supply ratio indicates potential for capital growth. On the other hand, the unit market has shown resilient median growth despite a slight decrease in the 3-year growth rate. Investors targeting units could benefit from higher rental yields and a lower stock on market rate. Yarra Glen, VIC 3775, is a family-friendly suburb with a diverse mix of age groups and moderate household incomes. The real estate market offers opportunities for both house and unit investors, with the former showing stability and potential for capital growth, while the latter presents resilient growth and higher rental yields. The suburb's educational offerings and commuting options enhance its liveability for residents and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022