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 +1.1% over FY 2025, marginally underperforming when compared to 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
FY2024/25
University of Melbourne ranked 22nd and Monash University ranked 31st
Unemployment Rate
April 2026 (down from June 2020 peak of
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 (+1.7%) is largely in line with Australia’s (+1.5%). Looking forward, Melbourne is forecast to to have the largest population growth in absolute terms among Australian capital cities over the coming decades.
Plan Melbourne identifies the need for an additional 1.6 million dwellings to house the growing population over the coming decades.
December 2025 Annual change Dec 24– Dec 25
Future Housing Requirements
1.6 million dwellings
Metropolitan Melbourne’s Requirements 2016 - 2051
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 61.5K 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
$1.2m
Yarraville 2026 median house price.
(Metro Melbourne: $865K)
+3.7% p.a.
10-year average annual house price growth in Yarraville.
(Metro Melbourne: +3.7% p.a.)
$708 p.w.
Median weekly three-bedroom house rent in Yarraville.
(Metro Melbourne: $804 p.w.)
+5.1% p.a.
10-year average annual house rental growth in Yarraville.
(Metro Melbourne: +5.4% 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
94 Approved
Dwellings
Number of new residential building approvals in Yarraville during the last 12 months. This measures slightly below the long-term average at almost 27 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. The $1.5b New Footscray Hospital is 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. It is an approximately 45 minute ride into the Melbourne CBD.
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 2026 median house price in Yarraville was $1,190,000. Yarraville measured above Greater Melbourne ($865K) and the broader Maribyrnong LGA ($1m).
House price increases in Yarraville have been similar to Metro Melbourne over the last 10 years, achieving growth of 3.7% p.a. Consistent with Greater 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
These figures reflect transacted and settled sales recorded by Pricefinder.
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.
2026 MEDIAN HOUSE PRICE – YARRAVILLE & SURROUNDING SUBURBS
Market Considerations
RENTAL MARKET INDICATORS
As at April 2026, the median weekly rent for a three-bedroom house in Yarraville was $718. This was below the Greater Melbourne equivalent of $762 p.w.
Rents in Yarraville have been generally in line with the Greater Melbourne weekly rents, but mostly out-performing the Maribyrnong LGA.
Scarcity of rental accommodation in Yarraville has driven rents up by just over 6% p.a. over the last three years. Given the current vacancy rate of just 0.6% 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
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 24 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 Q3-2025 on the back of the commencement of the Sterling 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 (2017-2026)
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
3/138 Roberts Street, Yarraville
Sale Price $916,000
Sale Date May 2026
Sale Settled No (SOURCE – RP Data)
Value Rate $7,508 p.s.m.
Building Area (sq.m.) 122
Lot Area (sq.m.) 135
BRs 3
BthRs 2 + P
Car Space 1 + OSCP
Building Age 2016
Sale Type Resale
Description
Two-level townhouse comprising three bedrooms, two bathrooms plus ground floor powder room, separate laundry and open plan living/dining. Standard level of specifications throughout including 20mm stone benchtops and stainless steel appliances. Complemented by a ground floor lock-up garage for one car plus off street parking for another. Does not benefit from any communal amenity.
Adam Welling – Compton Green – 0434 838 830
3A Charles Street, Seddon
Sale Price $1,310,000
Sale Date June 2026
Sale Settled No (SOURCE – RP Data)
Value Rate $5,903 p.s.m.
Building Area (sq.m.) 180 (approx.)
Lot Area (sq.m.) N/A
BRs 3
BthRs 2 + P
Car Space 1 + OSCP
Building Age 2026
Sale Type First-time Sale
Description
Brand new two-level townhouse comprising of three bedrooms, ensuite, central bathroom, ground floor powder room, open plan living/dining and a european laundry. Standard level of specifications throughout including stone benchtops and stainless steel appliances. Complemented by a ground floor lock-up garage for one car plus off street parking for another. Does not benefit from extensive communal amenity.
Patrick Fowler – JAS H Stephens Real Estate– 0404 279 729
6 Condenser Drive, Yarraville
Sale Price $980,000
Sale Date April 2026
Sale Settled No (SOURCE – RP Data)
Value Rate $5,903 p.s.m.
Building Area (sq.m.) 166 (approx.)
Lot Area (sq.m.) 109
BRs 3
BthRs 2 + P
Car Space 2
Building Age 2023
Sale Type Resale
Description
2023 built two-level townhouse comprising of three bedrooms, ensuite, central bathroom, powder room, open plan living/dining and a separate laundry. Standard level of specifications throughout including stone benchtops and stainless steel appliances. Complemented by a double car garage. Does not benefit from extensive communal amenity.
John Galea– JAS H Stephens Real Estate– 0405 564 669
20 Grace Street, Yarraville
Sale Price $1,600,000
Sale Date Feb 2026
Sale Settled No (SOURCE – RP Data)
Value Rate $7,080 p.s.m.
Building Area (sq.m.) 226
Lot Area (sq.m.) 262
BRs 3
BthRs 2 + P
Car Space 1 + 1 OSCP
Building Age 2015
Sale Type Resale
Description
Modern style two-level semi-detached townhouse. Comprises three bedrooms, two bathrooms (ensuite to master), open plan living/dining and European laundry. Above average level of specifications throughout. Complemented by a single car garage and an additional off-street car park. Does not benefit from extensive communal amenity.
Michael Loutakis – Loutakis Real Estate – 0409 438 025
30B Urwin Street, Yarraville
Sale Price $930,000
Sale Date Jan 2026
Sale Settled Yes (SOURCE – RP Data)
Brand newt wo level townhouse comprising three bedrooms, ensuite, central bathroom, powder room and open plan living/dining. Standard level of appointments throughout. Complemented by a single car garage and an additional off-street car space. Does not benefit from communal amenity.
Caterina Italiano– Woodards Yarraville – 0437 002 402
8/25 Somerville Road, Yarraville
Sale Price $1,165,000
Sale Date Jan 2026
Sale Settled Yes (SOURCE – RP Data) Value Rate
Two-level townhouse comprising three-bedrooms, two bathrooms (ensuite to master), powder room and open plan living/dining. Standard level of specifications. Does not benefit from a secure lockup garage nor access to communal facilities/amenity.
George Alexander– Jas Stephens Real Estate – 0412 057 151
Four-Bedroom Townhouse Sales
182A Roberts Street, Yarraville
Sale Price $1,182,500
Sale Date January 2026
Sale Settled Yes (SOURCE – RP Data)
Value Rate $6,569 p.s.m.
Building Area (sq.m.) 180
Lot Area (sq.m.) 239 BRs 4 BthRs 3
Car Space 1 + 1 OSCP
Building Age 2019
Sale Type Resale
Description
Contemporary but not new two-level townhouse. Comprises four bedrooms, open plan living/dining, three bathrooms (two ensuites) and laundry in garage. 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 amenity.
Huss Saad– Village Real Estate Seddon– 0413 364 769
20B Salisbury Street, Yarraville
Sale Price $1,525,000
Sale Date November 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate $6,778 p.s.m.
Building Area (sq.m.) 225
Lot Area (sq.m.) 224
BRs 4
BthRs 2 + P
Car Space 1
Building Age 2023
Sale Type First-time sale
Description
Modern two-level townhouse featuring four bedrooms, ensuite, central bathroom, powder room and separate laundry. Specifications include stainless steel appliances, stone benchtops and timber flooring to general areas. Complemented by a single car garage. Does not benefit from access to any communal amenity.
Patrick Fowler – Jas Stephens Real Estate –0404 279 729
16A Derham Street, Spotswood
Sale Price $1,300,000
Sale Date December 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate $5,603 p.s.m.
Building Area (sq.m.) 232 (approx.)
Lot Area (sq.m.) 231
BRs 4
BthRs 3
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 and open plan living/dining. Specifications include timber flooring to general areas, stainless steel appliances including 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.
Matthew John – Buxton – Inner West – 0434 054 363
28B Adeney Street, Yarraville
Sale Price $1,365,000
Sale Date October 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate N/A
Building Area (sq.m.) N/A
Lot Area (sq.m.) 223
BRs 4
BthRs 3 + P
Car Space 1
Building Age 2021
Sale Type Resale
Description
Modern two-level townhouse featuring four bedrooms, three bathrooms, separate laundry and open plan living/dining. Second level retreat could be classified as a fifth bedroom. Specifications include stainless steel SMEG appliances (including 900mm oven), stone benchtops and timber flooring. Complemented by a single car garage. Does not benefit from access to any communal amenity.
Kara Calleja – Jas Stephens Real Estate – 0478 135 938
29B Bena Street, Yarraville
Sale Price $1,320,000
Sale Date October 2025
Sale Settled Yes (SOURCE – RP Data)
Building Age 2020 Sale Type Resale
Description
Modern two-level townhouse featuring four bedrooms, ensuites to master and guest bedrooms, central bathroom plus a ground level powder room and open plan living/dining. Average level of appointments throughout. Complemented by a double car garage with guest bedroom above. Does not benefit from extensive communal facilities and amenities.
Taylor Romao – Jas Stephens Real Estate – 0428 888 754
57B Ballarat Street, Yarraville
Sale Price $1,500,000
Sale Date September 2025
Sale Settled Yes (SOURCE – RP Data)
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
Four-Bedroom House Sales
14 Morven Street, Yarraville
Sale Price $1,700,000
Sale Date May 2026
Sale Settled No (SOURCE – RP Data)
Value Rate $8,901 p.s.m.
Building Area (sq.m.) 191 Lot Area (sq.m.) 472
4
2 Car Space 1 + 2+ OSCP Building Age 1910 Sale Type Resale
Description
Single level detached Edwardian house renovated in 2014 Accommodation provides for four bedrooms, ensuite, central bathroom and open plan living/dining. Standard level of appointments throughout. Complemented by a long driveway with room for minimum of 2 off street car parks as well as a single car lock up garage.
Peter Skourtis – Buxton Inner West – 0402 213 414
32 Ofarrell Street, Yarraville
Sale Price $2,132,000
Sale Date March 2026
Sale Settled No (SOURCE – RP Data)
Value Rate $11,977 p.s.m.
Building Area (sq.m.) 178
Lot Area (sq.m.) 443
BRs 4 + BthRs 2
Car Space 3 OSCP
Building Age 1910
Sale Type Resale
Description
Single level detached Edwardian house renovated in 2014 comprising four bedrooms (plus retreat/5th Bedroom), two bathrooms and a substantial open plan living/dining area Specifications include timber flooring to general areas, stone benchtops and stainless steel appliances and double undermount sink. Complemented by up to 3 off street car-parks.
Joseph Luppino– Village Real Estate Seddon– 0411 508 458
7 Mackay Street, Yarraville
Sale Price $1,850,000
Sale Date December 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate $10,755 p.s.m.
Building Area (sq.m.) 172
2
Space 1 OSCP Building Age 1900 Sale Type Resale
Description
Part two-level detached Victorian house renovated in 2013 Comprises four bedrooms, ensuite to master, central bathroom and large open plan dining/living Specifications include timber flooring to general areas, stone benchtops, window splashback and stainless steel appliances including a 900mm gas cooktop. Complemented by one off street car-park.
Taylor Romao – Jas Stephens Real Estate – 0428 888 754
3 Cumming Street, Yarraville
Sale Price $1,830,000
Sale Date October 2025
Sale Settled Yes (SOURCE – RP Data)
Value Rate $11,091 p.s.m.
Building Area (sq.m.) 165
Lot Area (sq.m.) 262 BRs 4 BthRs 2 Car Space 1 OSCP via ROW
Building Age 1880
Sale Type Resale
Description
Single level detached Victorian home renovated in 2018 comprising four bedrooms, two bathrooms, separate laundry and open plan living/dining Specifications include timber flooring to living areas, carpet in bedrooms, stone benchtops, mirror splashback and stainless steel appliances. Off street car-parking access via ROW.
Matthew John – Biggin & Scott Real Estate Yarraville – 0434 054 363
This Report provides an independent and unbiased overview of the suburb of Yarraville and has been carefully prepared by Charter Keck Cramer at the instruction of Frasers Property. This Report does not render financial or investment advice and neither Charter Keck Cramer nor any persons involved in its preparation accepts any form of liability for its contents. The information contained herein was compiled in June 2026 and should not be relied upon to replace professional advice on specific matters. Charter Keck Cramer is not providing advice about the suitability of investment in any specific project or financial product and is not a holder of an Australian Financial Services Licence. This report is Copyright and cannot be reproduced without written permission of Charter Keck Cramer. © 2026 Charter Keck Cramer
