Located 4km from Melbourne’s Central Business District, South Yarra is the home of some of Melbourne’s prestigious residential addresses. Such prestige has been reaffirmed by development focus in Yarra St, Claremont St and Chapel St. However, a strong village lifestyle has been maintained in the area that has encouraged luxury, boutique brands, media, hotels and café culture.
South Yarra demonstrates luxurious inner-city living demonstrating the best of many worlds. Established on Toorak Road, a classic and restrained strip of high-end stores and restaurants, while thriving on Chapel Street which bustles with boutique browsers and offers a booming nightlife.
Over the last 3 years, South Yarra has seen an Average Capital Growth of 3.6% p.a. and 6.3% p.a. over the last 10 years.
Median Property Prices:
- Purchase: $1,122,500
- Rent: $650 PW
- Purchase: $535,000
- Rent: $420 PW
Source: Residex, REA August 2014
Melbourne: Speak to one of our expert staff about how we can help you secure the right property in South Yarra. Our buyer’s agents are highly trained and ready to help.