Is Yarralumla a good suburb?
Welcome to Yarralumla – one of the most desirable and expensive residential suburbs of Canberra, where prestigious living and central location attract many established families and couples of 45 to 69 years old, as well as experienced property investors. Based on Homely reviews research, Yarralumla is the 3rd best suburb in Greater Canberra.
Sitting on the lakeside, Yarralumla is a well-planned large suburb with green leafy streets, federation style architecture, stunning houses and a variety of all amenities for comfort living. The area is only 3 km away from Canberra CBD and is home to many diplomatic missions, cultural and historical landmarks.
If you’re looking for a beautiful, peaceful, quiet and safe place to live, let RK Property Partners help you consider the Yarralumla suburb and its top listings. A perfect area for families with kids, retirees and everyone who is looking for a friendly community.
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Yarralumla at a glance:
- Distance to Canberra CBD: 3 km
- Transport: bus, light rail under development, ideal suburb for walking
- Education: primary schools, Montessori school, preschools, high school, daycare centres
- Shops: local shops, a shopping centre on the corner of Bentham and Novar Streets, Canberra’s best kebab spot – Turkish Halal Pide House. Great hair and beauty salons, coffee shops and restaurants.
- Parks and green spaces: 32 parks and recreational areas, including Lake Burley Griffin, Weston and Stirling Parks, National Zoo and Aquarium, dog park & beach, The Lennox Gardens and The Government House.
- Activities: Golf at the Royal Canberra Golf Club, sailing with Yarralumla Yacht Club, Canberra Croquet Club, equestrian park, swimming “beaches” and pontoons around Lake Burley Griffin, where you can also feed swans, events at Albert Hall and many more, including bicycles, jogging and children’s playgrounds.
RK Property Partners – your Real Estate Agents in Yarralumla
Allhomes ranked Yarralumla as the number #1 hottest Canberra suburb for real estate, and RK Property experts agree as we saw house prices skyrocket and stable growth of resale and rental values. At the same time based on property value growth over the last year, Yarralumla became the 4th fastest growing suburb in the whole ACT showing an almost 30% median price increase.
The mature generation of 45-69 years old forms the suburb demographics and up to 70% of all property is owner-occupied. Yarralumla houses are extremely desirable due to the suburb’s proximity to the CBD and its luxurious lifestyle where nature meets comfort.
3-4 bedroom houses are the most popular choice among buyers with the median house price of $1,900,000 for a 3-bedroom home. The housing market showed stable growth over the past 10 years, going up 27% this year.
Units remain affordable over the suburb with the median unit price being only $652,500. The rent is around $510 PW and offers a 4% rental yield.
Yarralumla is a high demand market with an extremely high clearance rate of up to 87% and even large properties don’t stay on the market for more than 4-5 months. With the right real estate agent, you can expect a selling price of up to $2,500,000 for your house.
RK Property Partners team gained practical expertise over the Canberra region and united some of the top-performing real estate agents with an award-winning team leader. Our sales expert, David, has successfully sold properties for over $400 million and proved strong negotiating skills over almost 22 years of hard work.
Contact us to find the best investment option, a house to buy or list your property in Yarralumla.
Sell My Home in Yarralumla
If you’re looking to sell your home in Yarralumla start your process by contacting the local expert team and getting all the needed information from our free Sellers Guide for Downloading.
The next step will be to prepare your house for sale: research sold houses in the area and get a free appraisal for your property. The RK Property Partners team will make for you a comprehensive detailed report including the suburb profile, your property value and suggestions on how you can get a better deal selling your home.
When you are ready, list your property with RK Property Partners – we remain one of the best sales performers in Canberra’s suburbs, with a 100% clearance rate in 2021.
Buy A Home in Yarralumla
Yarralumla is one of the sweetest areas for buying opportunities. Properties along Maxwell Street, Abbott Street and Hopetoun Circuit Exit are very desirable as they are surrounded by leafy streets, facilities and a stone’s throw away from Canberra CBD.
The median house price in the area is around $1,900,000 for a 3-bedroom house and the Yarralumla’s real estate keeps rising, which makes now a good time to buy a property.
To buy a house in Yarralumla, contact RK Property sales experts for some off-market offers, or browse houses for sale in Yarralumla. You should also download our free Buyers Guide to find out all possible opportunities or pitfalls.
Property Management in Yarralumla
Successful property management starts with the right strategy of your property manager. Investing in property is a recommended strategy for Yarralumla real estate market, as the median house rent is around $855-$1100 PW, with an annual rental yield of 2.8 to 4%.
If you have rental property, the RK Partners blog may be of use for you: check our tips on how to get the best rental prices or find an effective property manager.
RK Property team offers a complex of property management services to maximize your property investments returns and profit from high capital gains in Yarralumla.
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Free Property & Market Appraisals
Thinking of selling? We’ll appraise your property for free, based on current marketing conditions and buyer demand. RK Property Partners home appraisals are extensive and personalised, and have proven to be invaluable resources for our clients when selling their home.
