Is it the best time to invest in South Yarra?
In the recent property market dip, both the South Yarra house market and unit market were hit hard by the fall.
According to the latest data, the suburb's median house price (pictured below) sits at 1.25 million, dropping from its peak of $1.87 million in 2017.
Its latest median unit price (pictured below) sits at $525,000, which has declined by 15 percent since 2016.
However, the median asking rent in South Yarra shows an upward trend within the last 10 years.
As a landlord it is important to check the asking rent trend regularly to ensure you are getting the most value out of your investment.
To learn all you need to know about South Yarra, from median asking rents to household composition, click here.
According to Microburbs, South Yarra scores 9/10, known for its convenience and lifestyle.
