Yarraville, VIC — Investment Profile 2021
Based on ABS Census 2021 data · AI-generated insights — for informational use only
Yarraville
VICCensus 2021 · Population 15,641
Yarraville is a suburb with a population of 15,641, characterized by a median age of 37, which is slightly younger than the Victorian median of 38. The gender distribution is fairly balanced with 48.6% male and 51.4% female. The suburb has a significant presence of families, with 47.5% of households being couples with children, and 38.1% being couples without children. The area is known for its high educational attainment, with 45.1% of residents holding a bachelor's degree or higher, compared to the state average of 29.2%.
Key Highlights
- Highly educated population - 45.1% hold bachelor degrees (vs VIC 29.2%)
- High median household income - $2,485 weekly (vs VIC $1,759)
- Significant work-from-home culture - 43.6% work from home
- Diverse cultural community - 36% born overseas
- Mixed housing options with 71.7% separate houses and 10.9% apartments
Things to Consider
- Higher property prices may challenge first-home buyers
- Limited public transport use at 6.4%
- High percentage of high-income households may affect affordability
- Relatively high median weekly rent at $462
- Significant percentage of single-person households at 25.5%
What's it like living here?
Daily life in Yarraville is influenced by its proximity to Melbourne's city center, with a significant portion of the workforce, 43.6%, working from home. Commuting is varied, with 31.7% driving to work and 6.4% using public transport. The suburb has a vibrant community feel, supported by a mix of cultural backgrounds, with 72% of residents born in Australia and a notable presence of English, Greek, and Vietnamese communities.