Local Market Intelligence
Residential Market Overview
Yarraville
The Melbourne Story
Metropolitan Melbourne: Key Considerations
Introduction
Melbourne is a city of international significance. It has long been ranked in the top ten of the world’s most liveable cities, including number one from 2011-2017.
Melbourne is home to two universities ranked in the top 50 global universities.
Victoria, Australia’s second-largest economy, grew by +1.5% over FY 2023 – FY 2024, out-performing Australia’s national growth rate.
Public sector investment in health, education, transport and utilities projects remain key to Victoria’s economic prospects.
Liveability
Most Liveable Cities Education
2 Universities in the Top
50 Global Universities
Currently ranked 4th Ranked 1st 7 consecutive times (2011-2017)
Economic Growth
FY2023/24
University of Melbourne ranked 19th and Monash University ranked 36th
Unemployment Rate
August 2025 (down from June 2020 peak of 7.5%)
Demand Considerations
Prior to Covid-19, population growth in Melbourne was extremely strong. Growth was driven predominantly by high levels of net overseas migration. After contracting to -1.6% during the pandemic, Melbourne’s population has bounced back strongly due to the return of net overseas migration.
Over the past 12 months, Victoria’s population growth (+1.8%) has marginally outpaced Australia’s (+1.6%). Looking forward, Melbourne is forecast to to have the largest population growth in absolute terms among Australian capital cities over the next decade.
Plan Melbourne identifies the need for an additional 1.6 million dwellings to house the growing population over the coming decades.
VIC Population
March 2025 Annual change Mar 24– Mar 25
Future Housing Requirements
1.6 million dwellings
Metropolitan Melbourne’s Requirements 2016 - 2051
Melbourne
Population Outlook
Largest population increase among capital cities over the next decade.
Australian Government – Centre for Population Annual Statement 2024
Supply Considerations
Detached housing is the predominant form of housing stock in Melbourne. Policy aspirations however aim to achieve greater levels of higher density dwellings to accommodate future population growth.
House price growth in Melbourne has been high over the last two decades which has supported the development of higher density housing stock. Despite some softening since early 2022, the tight supply outlook is supporting prices across the city.
The Victorian State Government’s current target is to deliver 2.24 million new homes by 2051, equal to approximately 86K dwellings p.a. Over the last three years, an average of just 58K new homes have been delivered across the state.
Existing Housing Composition Melbourne (2021) Composition of Future Housing Supply (2011-2051)
Historic House Price Growth - Melbourne
Dwelling Completions
Local Market Intelligence
Yarraville
Local Market Intelligence – Yarraville
KEY CONSIDERATIONS
MARKET POSITION:
Yarraville is one of the more expensive housing markets within Melbourne's innerwest, reflecting the capitalisation of its locational attributes and amenity.
CONNECTIVITY:
Yarraville is located close to key arterial roads and public transport nodes.
AMENITY:
Yarraville offers a diverse range of restaurants and cafes, a monthly farmers’ market and the historic Sun Theatre, which shows film and hosts live events. Grocery and other essential shopping provision is well-catered for at Yarraville Square.
MARKET
CONSIDERATIONS
$1.1m
Yarraville 2025 median house price.
(Metro Melbourne: $839K)
+3.5% p.a.
10-year average annual house price growth in Yarraville.
(Metro Melbourne: +3.6% p.a.)
$723 p.w.
Median weekly three-bedroom house rent in Yarraville.
(Metro Melbourne: $735 p.w.)
+4.4% p.a.
10-year average annual house rental growth in Yarraville.
(Metro Melbourne: +4.5% p.a.)
(See page 11-13 for more info)
DEMAND
CONSIDERATIONS
25-44 Year-Olds
The predominant age cohort across Yarraville, accounting for 36% of all residents.
Couples with Children
Predominant household type, accounting for 33% of total households in Yarraville.
37 Years of Age
Same age demographic as Metropolitan Melbourne.
+2.5% p.a.
Forecast population growth across Maribyrnong LGA to 2036.
(See page 15-17 for more info)
SUPPLY CONSIDERATIONS
109 Approved
Dwellings
Number of new residential building approvals in Yarraville during the last 12 months. This measures slightly above the long-term average at almost 22 per quarter.
Detached Housing
73% of dwellings in Yarraville are detached houses. Recent supply data indicates a densification of the suburb with an increased representation from townhouses.
Owner Occupiers
75% of detached houses are owned outright or owned with a mortgage.
(See page 19-21 for more info)
Local Market Intelligence – Yarraville
SUBURB CONTEXT AND FUNDAMENTALS
Yarraville is a suburb within the City of Maribyrnong Local Government Area (LGA), located approximately 6km west of the Melbourne CBD.
Yarraville has existed as a suburb since 1859, originally utilised by factories as a logistics hub due to its position on the Yarra River. The suburb started gentrifying in the 90’s, although residential dwellings have existed since the 1880’s.
Yarraville is currently considered a desirable suburb due to its proximity to the city and its trendy culture. According to Time Out, Yarraville ranked in the top 5 coolest neighbourhoods in the world in 2020.
Yarraville is predominantly a residential suburb, with some industrial land use along the Yarra River and towards the boundary of Brooklyn.
CONNECTIVITY, LIVEABILITY AND LIFESTYLE
There are numerous parks within or nearby the suburb including; McIvor Reserve, Angliss Reserve, Yarraville Oval, Beaton Reserve and Yarraville Gardens. Additionally, Stony Creek runs through the suburb.
The majority of retail is centred around Yarraville Station, along with a Coles anchored shopping village called Yarraville Square on Williamstown Road.
Yarraville has four primary schools, one special development school and no high schools.
There are a few medical centres/clinics within Yarraville. Upon completion in late 2025, the $1.5b New Footscray Hospital will be the closest hospital with over 500 beds, emergency department and specialist facilities including cardiovascular, operating theatres and recovery spaces.
6km west of the Melbourne CBD.
Proximity to Melbourne CBD, Western Hospital and the western industrial precinct.
Direct connectivity to the CBD and Geelong, via West Gate Freeway. Docklands Highway provides an additional method of entering the CBD.
Yarraville is serviced by the Werribee and Williamstown rail lines via Yarraville Station with Seddon Station nearby as well. Several bus routes run through the suburb, predominately around Williamstown Road.
Stony Creek provides a popular shared bike and pedestrian trail as does the Federation Trail which connects from the Werribee River Trail at Werribee to Fogarty Avenue in Yarraville. Further connections to the CBD are under constructrion.
Approximately twenty-five-minute drive to Melbourne Airport via M1/M2 or M80 freeways.
Local Market Intelligence – Yarraville
Market Considerations
Market Considerations
PRICE INDICATORS – HOUSE PRICE
The 2025 median house price in Yarraville was $1,100,000. Yarraville measured above Metro Melbourne ($839K) and the broader Maribyrnong LGA ($925K).
House price increases in Yarraville have been similar to Metro Melbourne over the last 10 years, achieving growth of 3.5% p.a. Consistent with Metro Melbourne and Maribyrnong LGA, Yarraville prices softened in 2023 from their 2022 peak because of the increased interest rate environment. Prices have since stabilised, supported by interest rate cuts and the broad undersupply of housing across Melbourne.
Yarraville is a highly sought-after location within the Maribyrnong LGA and continues to benefit from significant housing demand, which is supportive of house price growth.
MEDIAN HOUSE PRICE & AVERAGE ANNUAL % CHANGE – YARRAVILLE (2011-2025)
These figures reflect transacted and settled sales recorded by Domain.
Market Considerations
PRICE RELATIVITY
Yarraville is one of the more expensive housing markets within Melbourne’s innerwest, reflecting the capitalisation of its transport and retail amenity and overall charm.
Yarraville’s locational attributes will continue to attract strong housing demand into the future, and given the built-up nature of the suburb, new stock should be able to command a premium.
These figures reflect transacted and settled sales recorded by Domain.
2025 MEDIAN HOUSE PRICE – YARRAVILLE & SURROUNDING SUBURBS
Market Considerations
RENTAL MARKET INDICATORS
As at July 2025, the median weekly rent for a three-bedroom house in Yarraville was $723. This was slightly below the Metro Melbourne equivalent of $735 p.w.
Rents in Yarraville have largely been in line with Metro Melbourne weekly rents, following the market when rents declined during COVID.
Scarcity of rental accommodation in Yarraville has driven rents up by almost 10% p.a. over the last three years. Given the current vacancy rate of just 0.8% and low supply outlook, rental market conditions are likely to support elevated rents for at least the medium-term.
MEDIAN WEEKLY RENTS (HOUSES – 3 BEDROOMS)*
*Rental data was obtained from SQM Research and is compiled at a postcode level..
Demand Considerations
Demand Considerations
POPULATION INDICATORS
Based on the Victoria in Future (VIF) 2023 projections, the population in the Maribyrnong LGA is forecast to grow considerably to 2036. At +2.5% p.a. over the period 2021-2036, average growth is set to outpace Metro Melbourne (+1.8% p.a.).
2021-2026 has been forecast to experience the most accelerated population growth over this period at more than +3.1% p.a. Strong population growth across the LGA has tightened rental conditions in Yarraville and reduced median days on market for For Sale properties.
POPULATION GROWTH – MARIBYRNONG LGA (2021-2036)
Demand Considerations
DEMOGRAPHIC INDICATORS
The 25-44 years (36%) age cohort makes up the largest segment of Yarraville’s population, whilst the predominant household type is Couples with Children (33%).
The median age of Yarraville’s residents is 37 years, matching Metro Melbourne. This is reflective of its high median house price and family appeal. Just over 35% of Yarraville’s population were born overseas, with 4% of the total population born in England.
Yarraville is representative of Metro Melbourne, with a similar household composition and same median age.
DEMOGRAPHIC DRIVERS OF DEMAND, YARRAVILLE (2021) PREDOMINANT HOUSEHOLD TYPE
MEDIAN AGE
Couples With Children
3 COUNTRIES OF BIRTH
Yarraville
Demand Considerations
SOCIO-ECONOMIC INDICATORS
The primary occupation for residents in Yarraville in 2021 was Professionals (37%) and the primary industry of employment was Professional, Scientific and Technical Services (13%).
The median annual household income of residents in Yarraville was $129,000 in 2021. This measured considerably above the Metro Melbourne equivalent ($99,000).
Residents of Yarraville tend to be employed in higher paying jobs (compared to Metro Melbourne) across a diverse range of industries and occupations. Greater purchasing power has the potential to lead to price and rental growth as these households can afford to live in the area.
DEMOGRAPHIC DRIVERS OF DEMAND, YARRAVILLE (2021)
PRIMARY OCCUPATION
Professionals
MEDIAN ANNUAL HOUSEHOLD INCOME
PRIMARY INDUSTRY OF EMPLOYMENT
Professional, Scientific and Technical Services
Supply Considerations
Supply Considerations
DWELLING MIX
Yarraville contains a high proportion of detached housing (73%), with townhouse (16%) and apartment (11%) stock accounting for a much smaller share (as at the 2021 Census).
Yarraville’s dwelling mix contains a slightly larger proportion of detached dwellings than Metro Melbourne (68%).
As the population of Yarraville continues to grow, it is likely that greater amounts of medium and higher density dwellings will be delivered, offering more affordable opportunities for buyers to enter the market. The diversification of housing stock will also appeal to downsizers looking for lowermaintenance living.
DWELLING MIX, YARRAVILLE (2021)
Townhouses includes all semi-detached dwellings.
Supply Considerations
HOME OWNERSHIP
Yarraville is a long-established suburb making it a popular destination for home buyers looking to move closer or remain close to the CBD.
Yarraville contains a significant proportion of houses (75%), townhouses (51%) and apartments (35%) owned either with a mortgage or outright.
Yarraville is considered a highly attractive suburb to renters and owner-occupiers alike. Owner-occupation is significantly higher for detached dwellings and townhouses; while renting is the predominant tenure for apartments.
HOME OWNERSHIP, YARRAVILLE (2021)
Supply Considerations
NEW SUPPLY – BUILDING APPROVALS
Building approvals for new residential dwellings in Yarraville have averaged around 22 approvals per quarter since 2017.
Whilst the market slowed in Q1 2020, there was an evident market uplift through 2021, supported by historically low interest rates and the HomeBuilder Scheme. However, following rising construction costs and interest rates, building approvals slowed in 2022 and into 2023.
Approvals spiked in Q4-2024 on the back of the commencement of a townhouse stage at Bradmill Yarraville.
Given the inability to cater to Yarraville’s population growth with detached dwellings, townhouses remain the predominant form of new dwelling in the suburb. Apartments are anticipated to account for a growing share of supply as the market matures.
BUILDING APPROVALS – YARRAVILLE (2017-2024)
Charter notes building approvals can be granted for a lot on a certified plan and may therefore reflect more recent supply conditions than settled sales.
Three-Bedroom Townhouse Sales
39 Kingston Street, Yarraville
Sale Price $1,205,000
Sale Date October 2025
Sale Settled No (SOURCE – RP Data) Value Rate $11,055 p.s.m.
Building Area (sq.m.) 109 Lot Area (sq.m.) 212
Building Age 2013
Sale Type Resale
Description
Two-level townhouse comprising three bedrooms, one bathroom, powder room, separate laundry and open plan living/dining. Standard level of specifications throughout including stone benchtops and stainless steel appliances. Complemented by a lock -up garage for one car and an additional off -street car space. Does not benefit from any communal amenity.
John Galea – Jas Stephens Real Estate – 0405 564 669
5 Kidman Street, Yarraville
Sale Price $1,025,000
Sale Date September 2025
Sale Settled No (SOURCE – RP Data)
p.s.m. Building Area (sq.m.) 100 (approx.)
Space 1 + 1 OSCP
Age 2021 Sale Type First-time sale
Description
Modern two-level townhouse of reverse living configuration. Comprises three bedrooms, ensuite, central bathroom, powder room, open plan living/dining and a separate laundry accessible via the garage. Above average appointments throughout. Complemented by a single car garage and an additional off -street car park. Does not benefit from extensive communal amenity.
Leigh Dardha – Woodards Yarraville – 0401 496 270
31B Bena Street, Yarraville
Sale Price $1,130,000
Sale Date August 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate $8,129 p.s.m.
Building Area (sq.m.) 139
Lot Area (sq.m.) 230
BRs 3 + S
BthRs 3
Car Space 1 + 1 OSCP
Building Age 2020
Sale Type Resale
Description
Two-level townhouse within a development of four. Comprises three bedrooms, study, two ensuites, central bathroom, open plan living/dining and separate laundry. Specifications include stainless steel Miele appliances, stone benchtops and timber flooring to general areas. Complemented by a single lock up garage accessible via a ROW and an additi onal off -street car space at the front of the property. Does not benefit from communal amenity.
Taylor Romao – Jas Stephens Real Estate – 0428 888 754
3/66 Wilson Street, Yarraville
Sale Price
$1,313,000
Sale Date June 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate $7,724 p.s.m.
Building Area (sq.m.) 170
Area (sq.m.) 96
3
BthRs 3
Car Space 1 + 1 OSCP
Building Age 2017
Sale Type Resale
Description
Contemporary style but not new three-level townhouse within a development of 14 which abuts the trainline. Comprises three bedrooms, three bathrooms (ensuite to master) and open plan living/dining. Laundry located in garage. Standard level of specifications throughout. Complemented by a single car garage and an additional off-street car park. Does not benefit from extensive communal amenity.
Tracy Charles – Compton Green – 0425 717 489
24 Grace Street, Yarraville
Sale Price $1,100,000
Sale Date May 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate $8,800 p.s.m.
Building Area (sq.m.) 125
Area (sq.m.) 160
3
2 + P Car Space 1 + 1 OSCP Building Age 2016
Sale Type Resale
Description
Two level townhouses comprising three bedrooms, ensuite, central bathroom, powder room, separate laundry and open plan living/di ning. Average level of appointments throughout. Complemented by a single car garage and an additional off -street car space. Does not benefit from communal amenity.
Tate Moore – Jas Stephens Real Estate – 0421 731 706
2/29D Newcastle Street, Yarraville
Sale Price $1,125,000
Sale Date May 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate $7,601 p.s.m.
Building Area (sq.m.) 148
Lot Area (sq.m.) 157 BRs 3 BthRs 3 Car Space 1 OSCP
Building Age 2020
Sale Type Resale
Description
Two-level townhouse comprising three-bedrooms, three bathrooms (ensuite to master), open plan living/dining and separate laundry. Specifications include stone benchtops, single lever mixer tapware, double undermount sink, 900m stainless steel Bosch appliance and timber flooring to general areas. Does not benefit from a secure lockup garage nor access to communal facilities/amenity.
John Luong – Village Real Estate – 0401 718 277
11 Jetty Lane, Maribyrnong
Sale Price $1,210,000
Sale Date May 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate $9,918 p.s.m.
Building Area (sq.m.) 122
Space 1 + 1 OSCP
Age 2010 Sale Type Resale
Description
Older three-level townhouse comprising three bedrooms, two bathrooms (ensuite to master), powder room including Euro laundry and open plan living/dining. Complemented by a single car garage and off -street parking for one car. Does not benefit from extensive communal amenity.
Agent Unknown
2/103 Blackwood Street, Yarraville
Sale Price $1,389,000
Sale Date February 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate $8,847 p.s.m.
Building Area (sq.m.) 157
Lot Area (sq.m.) 243
Building Age 2010
Sale Type Resale
Description
Older style two-level townhouse completed in 2010. Accommodation provides for three bedrooms, ensuite to master, central bathroom, powder room, open plan living/dining and separate laundry. Average level of specifications throughout. Complemented by a single car garage and additional off -street parking. Does not benefit from communal facilities/amenity.
Peter Skourtis – Buxton Inner West – 0402 213 414
Four-Bedroom Townhouse Sales
8B Hawkhurst Street, Yarraville
Sale Price $1,460,000
Sale Date September 2025
Sale Settled No (SOURCE – RP Data)
Value Rate $9,419 p.s.m.
Building Area (sq.m.) 155 (approx.)
Lot Area (sq.m.) 240
BRs 4
BthRs 3 + P
Car Space 1 + 1 OSCP
Building Age 2025
Sale Type First-time sale
Description
Brand new two-level townhouse comprising four bedrooms, three bathrooms, separate laundry/power room and open plan living/dining. Specifications include timber flooring to general areas, Smeg appliances including 900mm gas cooktop, stone benchtops and double undermount sink. Complemented by a single car garage and an additional off -street car park. Does not benefit from access to communal facilities/amenity.
Leigh Dardha – Woodards Yarraville – 0401 496 270
57B Ballarat Street, Yarraville
Sale Price $1,500,000
Sale Date September 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate $8,571 p.s.m.
Building Area (sq.m.) 175
Lot Area (sq.m.) 157
BRs 4
BthRs 3
Car Space 1
Building Age 2022
Sale Type Resale
Description
Modern two-level townhouse featuring four bedrooms, three bathrooms, Euro laundry and open plan living/dining. Specifications include stainless steel Miele appliances, stone benchtops and under-floor in screed hydronic heating on the lower level . Complemented by a swimming pool and a single car garage. Does not benefit from access to any communal amenity.
Huss Saad – Village Real Estate – 0413 364 769
6 Beame Street, Footscray
Sale Price $1,378,000
Sale Date July 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate $7,449 p.s.m.
Building Area (sq.m.) 185
Area (sq.m.) 291
4
2 + P
Space 1 + 1 OSCP
Building Age 2013
Sale Type Resale
Description
Older style two-level townhouse forming part of Cedar Woods’ “Banbury Village” development. Comprises four bedrooms, ensuite to master, central bathroom plus a ground level powder room. Average level of appointments throughout. Complemented by a single car garage and an additional off -street car space. Does not benefit from extensive communal facilities and amenities.
Taylor Romao – Jas Stephens Real Estate – 0428 888 754
20A Salisbury Street, Yarraville
Sale Price $1,450,000
Sale Date April 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate $7,436 p.s.m.
Building Area (sq.m.) 195
Lot Area (sq.m.) 225
4 BthRs 2 + P Car Space 1 + 1 OSCP
Building Age 2022
Sale Type First-time sale
Description
Two-level townhouse completed in 2022. Accommodation provides for four bedrooms, ensuite to master, central bathroom, powder room and open plan living/dining on upper level. Specifications include engineered timber flooring to general areas, stone benchtops and Bosch appliances. Complemented by a single car garage and an off-street car space. Does not benefit from communal amenity.
Huss Saad – Village Real Estate – 0413 364 769
15A Thorpe Street, Newport
Sale Price $1,600,000
Sale Date March 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate $8,205 p.s.m.
Building Area (sq.m.) 195
Lot Area (sq.m.) 382 BRs 4
3 + P Car Space 1 + 1 OSCP
Building Age 2019
Sale Type Resale
Description
Contemporary but not new two-level townhouse. Comprises four bedrooms, lounge/flexi room, three bathrooms, powder room and separate laundry. Specifications include timber flooring to general areas, stainless steel, stone benchtops and tiled splashbacks. Complemented by a single car garage and an additional off-street car park. Does not benefit from access to communal facilities/amenity.
Glen Baird – Jellis Craig Inner West – 0425 762 344
7A Delphin Avenue, Altona North
Sale Price $1,500,000
Sale Date February 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate Unknown
Building Area (sq.m.) Unknown
Lot Area (sq.m.) 332
BRs 4
BthRs 3 + P
Car Space 1 + 1 OSCP
Building Age 2024
Sale Type First-time sale
Description
Modern two-level townhouse featuring four bedrooms, two ensuites, central bathroom, powder room and separate laundry. Specifications include stainless steel Miele appliances, stone benchtops and timber flooring to general areas. Complemented by west-facing private open space, a single car garage and additional off-street parking. Does not benefit from access to any communal amenity.
Nik Gajovic – The Agency Altona – 0422 603 067
Four-Bedroom House Sales
10 Hood Street, Yarraville
Sale Price $1,620,000
Sale Date March 2025
Sale Settled Yes (SOURCE – RP Data)
Two level detached house renovated in 2010. Accommodation provides for four bedrooms, a study, ensuite, two central bathrooms and open plan living/dining. Standard level of appointments throughout. Complemented by a carport at rear.
Peter Skourtis – Buxton Inner West – 0402 213 414
49 Angliss Street, Yarraville
Sale Price $1,700,000
Sale Date December 2024
Sale Settled Yes (SOURCE – RP Data)
p.s.m. Building Area (sq.m.) 220
Type Resale Description
Modern two-level detached house comprising four bedrooms, two bathrooms and a balance of living amenity. Specifications include timber flooring to general areas, stone benchtops, stainless steel appliances and double undermount sink. Complemented by a double lockup garage and swimming pool.
Matthew John – Buxton Inner West – 0434 054 363
93 Ballarat Street, Yarraville
Sale Price $1,615,000
Sale Date December 2024
Sale Settled Yes (SOURCE – RP Data)
Two-level detached house renovated in 2008. Comprises four bedrooms, ensuite to master, central bathroom and separate laundry. Specifications include timber flooring to general areas, stone benchtops, tiled splashbacks and stainless steel appliances including a 900mm gas cooktop. Complemented by a carport for one car.
Terry Fitzpatrick – Ray White Sunshine – 0422 971 667
7 Canterbury Street, Yarraville Sale Price $2,305,000
Sale Date November 2024
Sale Settled Yes (SOURCE – RP Data)
Rate
p.s.m.
Modern two-level detached home comprising four bedrooms, two bathrooms and a balance of living amenity. Specifications include timber flooring to general areas, stone benchtops, double undermount sink and stainless steel appliances. Complemented by a double car garage.
Huss Saad – Village Real Estate – 0413 364 769
