Yarra, located in New South Wales, is a vibrant area known for its artistic culture, historic architecture, and a diverse community. It's famous for its beautiful parks, lively cafes, and a strong sense of community. With excellent transport links to Melbourne and an array of amenities, Yarra presents a desirable location for families, young professionals, and retirees. This article provides an in-depth look at the best residential suburbs within Yarra, focusing on their unique characteristics, housing options, and average prices.
Table of Contents
Richmond
(Image for illustration purposes only.)
Richmond is a bustling suburb that perfectly blends urban living with historical charm. It's known for its vibrant nightlife, diverse culinary scene, and close proximity to Melbourne's city centre.
Characteristics of the Richmond
* Culture: Rich arts scene with galleries and live music, multicultural restaurants
* Transportation: Excellent public transport options, including trams and trains
* Services: Major supermarkets, boutique shops, and local markets
* Environment: Energetic and lively, with an inclusive community vibe
Housing Options in the Richmond
Victorian terraces, modern apartments, townhouses
Average Home Prices in the Richmond
* Buying: $900,000 – $1,500,000
* Renting: $1,800 – $2,500/month
Collingwood
(Image for illustration purposes only.)
Collingwood is famed for its eclectic vibe and hipster culture. The suburb offers a mix of historic warehouses converted into trendy apartments and charming terrace houses.
Characteristics of the Collingwood
* Culture: Vibrant art spaces, music venues, pubs, and innovative eateries
* Transportation: Well-served by public transport, including trams and bus routes
* Services: Local grocery stores, cafes, and eateries with community events
* Environment: Lively and artistic, perfect for creative individuals
Housing Options in the Collingwood
Converted warehouses, contemporary flats, heritage-listed homes
Average Home Prices in the Collingwood
* Buying: $850,000 – $1,400,000
* Renting: $1,700 – $2,300/month
Abbotsford
(Image for illustration purposes only.)
A peaceful suburban escape close to the city, Abbotsford features stunning parklands along the Yarra River and a community-driven environment, making it perfect for families.
Characteristics of the Abbotsford
* Culture: Family-friendly parks, local festivals, and farmer's markets
* Transportation: Tram lines and easy access to main roads for quick city commutes
* Services: Childcare centers, schools, and healthcare facilities with proximity to shopping districts
* Environment: Quiet and family-oriented, with plenty of green space
Housing Options in the Abbotsford
Family homes, spacious units, contemporary townhouses
Average Home Prices in the Abbotsford
* Buying: $800,000 – $1,200,000
* Renting: $1,600 – $2,100/month
Fitzroy
(Image for illustration purposes only.)
Fitzroy is known for its vibrant street art, boutique shops, and diverse dining options. This suburb has a youthful energy and is popular among students and young professionals.
Characteristics of the Fitzroy
* Culture: Artistic community with galleries, live music, and unique boutiques
* Transportation: Well-connected tram services, handy for accessing the CBD
* Services: Trendy cafes, bars, and craft shops line the main streets
* Environment: Dynamic and youthful, with a strong creative community
Housing Options in the Fitzroy
Stylish apartments, renovated warehouses, heritage houses
Average Home Prices in the Fitzroy
* Buying: $950,000 – $1,600,000
* Renting: $1,700 – $2,400/month
North Richmond
(Image for illustration purposes only.)
North Richmond offers a vibrant community atmosphere, known for its affordable housing options. The area is becoming increasingly popular due to its accessibility and local amenities.
Characteristics of the North Richmond
* Culture: Diverse community spirit with local events and gatherings
* Transportation: Good tram services with easy access to Richmond station
* Services: Local shops, markets, and parks for family-friendly activities
* Environment: Community-focused, with a relaxed suburban feel
Housing Options in the North Richmond
Units, townhouses, and affordable family homes
Average Home Prices in the North Richmond
* Buying: $600,000 – $900,000
* Renting: $1,400 – $1,800/month
Yarra Glen
(Image for illustration purposes only.)
Yarra Glen is renowned for its picturesque vineyards and rural landscapes, making it an ideal retreat from urban life while still being connected to the city.
Characteristics of the Yarra Glen
* Culture: Vibrant wine culture and agricultural community with local markets
* Transportation: Main roads accessible for car travel; limited public transport
* Services: Local shops, wineries, and outdoor recreational opportunities
* Environment: Tranquil, scenic, and ideal for outdoor lovers
Housing Options in the Yarra Glen
Rural properties, bungalows, and executive homes
Average Home Prices in the Yarra Glen
* Buying: $900,000 – $1,500,000
* Renting: $1,700 – $2,300/month
Frequently Asked Questions About the Best Residential Areas in Yarra:
The most popular suburbs in Yarra include Richmond, Collingwood, Abbotsford, Fitzroy, North Richmond, and Yarra Glen.
Abbotsford and North Richmond are highly recommended for families due to their family-friendly amenities and parks.
North Richmond tends to have more affordable housing options compared to other suburbs within Yarra.
The average purchase price for a house in Richmond ranges from $900,000 to $1,500,000.
Yarra is well-served by trams and trains, providing easy access to surrounding areas and the city centre.
Collingwood and Fitzroy are known for their vibrant dining scenes with a diverse range of restaurants and cafes.
Yes, suburbs like Fitzroy and Collingwood attract many young professionals due to their energetic lifestyle and amenities.
Housing options in Yarra vary from Victorian terraces, modern apartments, townhouses, to rural properties in Yarra Glen.
Yarra offers various community activities, including markets, local festivals, and cultural events, especially in family-focused areas.
You can search online, visit local listings, or ask for referrals to find a reputable real estate agent in Yarra.
Conclusion on the Best Residential Areas in Yarra:
Yarra, New South Wales, offers an array of dynamic residential areas that cater to different lifestyles and preferences. Whether you are drawn to the artistic culture of Fitzroy, the family-friendly atmosphere of Abbotsford, or the tranquil vineyards of Yarra Glen, each suburb brings a unique charm. The balance of city accessibility and community spirit makes Yarra a compelling choice for homebuyers and renters alike. By considering your lifestyle needs and budget, you can find the ideal suburb that resonates with your vision of home in this vibrant part of Australia.
About the Author
Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.