Yarrawarrah Property Insights - Jan 2025

Yarrawarrah, NSW 2233: A Quiet Suburb with Strong Property Growth

Yarrawarrah, a small yet desirable suburb in Sydney’s south, offers a peaceful lifestyle surrounded by natural beauty. Covering just 1.2 square kilometers, Yarrawarrah has five parks making up 4.8% of its total area. Despite a population decline of 8.9% from 2011 to 2016, the suburb remains attractive for families and professionals, with 91.4% of homes being owner-occupied.

Housing Market Trends

The Yarrawarrah housing market remains competitive, with the median house price at $1.39 million as of January 2025. Over the past 12 months, 27 houses were sold, with prices ranging from $1.32 million at the lower quartile to $1.53 million at the upper quartile. Houses in Yarrawarrah have an average tenure of 22 years, reflecting a tightly held market.

Properties are spending an average of 23.5 days on the market, indicating steady demand. The median asking rent for houses is $825 per week, with a rental yield of 3.4%, making it a solid investment option.

Unit Market Trends

The unit market in Yarrawarrah is extremely small, with just 1 unit sale recorded in the past year. The median unit price has risen to $1.52 million, with significant fluctuations in values due to limited sales data. While rental information is scarce, broader regional trends suggest increasing demand for units.

Yarrawarrah

Land Market

Only 1 land sale was recorded in the past year, reinforcing the scarcity of available plots for new developments. This lack of supply continues to drive the value of existing properties

Rental Market

The rental market in Yarrawarrah remains stable. The median rent for houses is $825 per week, with rental yields at 3.4%, offering a stable return for investors. Rental growth has remained flat, with only minor fluctuations over the past year.

For units, no significant rental data is available, but regional trends suggest strong rental demand in surrounding suburbs, which may impact Yarrawarrah’s unit market in the future.

Recent Market Activity

Yarrawarrah has experienced moderate activity in the past year:

• 27 houses were sold, with prices ranging from $1.32 million to $1.53 million, and houses spending an average of 23.5 days on the market.

• The unit market recorded just 1 sale, making it difficult to establish clear trends.

• Only 1 land sale occurred, highlighting the limited opportunities for new developments.

With limited stock available, Yarrawarrah remains a suburb with high buyer interest and competitive pricing.

Community and Lifestyle

Yarrawarrah is primarily a family-oriented suburb, with 57.4% of households consisting of couples with children. The predominant age group is 60-69 years, indicating a mix of retirees and long-term homeowners. The suburb has a higher-than-average household income, with 20.4% of residents earning over $182,000 annually.

Investment Potential

With strong property values, limited supply, and a high percentage of owner-occupied homes, Yarrawarrah offers an excellent long-term investment opportunity. The suburb's low turnover and stable rental market make it an attractive choice for both homebuyers and investors.