Yarrawonga, nestled on the shores of Lake Mulwala in Victoria, is a picturesque town that offers a relaxing lifestyle with a vibrant community atmosphere. Known for its scenic beauty, Yarrawonga attracts families, retirees, and holidaymakers alike with its rich history, recreational activities, and proximity to nature. This article highlights the best residential areas in Yarrawonga, providing insights into their characteristics, housing options, and average prices.
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Downtown Yarrawonga
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The heart of Yarrawonga, Downtown is vibrant and bustling, making it perfect for those who enjoy being close to the action. With cafes, restaurants, and shops within walking distance, it is ideal for young professionals and families who appreciate convenience.
Characteristics of the Downtown Yarrawonga
* Culture: Lively arts scene, community events, and local markets
* Transportation: Well-connected via public bus services, walking-friendly
* Services: Grocery stores, schools, healthcare facilities, and parks
* Environment: Friendly and welcoming
Housing Options in the Downtown Yarrawonga
Units, townhouses, heritage-style homes
Average Home Prices in the Downtown Yarrawonga
* Buying: $400,000 – $600,000
* Renting: $1,200 – $1,800/month
The Point
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The Point offers stunning views and a relaxed lifestyle by the lake. It’s renowned for its peaceful ambiance, making it well-suited for retirees and families looking for a quieter neighbourhood close to natural beauty.
Characteristics of the The Point
* Culture: Outdoor recreation, fishing, and boating activities
* Transportation: Car recommended, but local taxis are available
* Services: Close to recreational facilities, parks, and picnic spots
* Environment: Serene and laid-back
Housing Options in the The Point
Lakeside houses, spacious family homes
Average Home Prices in the The Point
* Buying: $600,000 – $800,000
* Renting: $1,800 – $2,500/month
Yarrawonga South
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Located just a short drive from downtown, Yarrawonga South features a mix of new developments and established homes. It is ideal for families seeking a suburban lifestyle with ample space for children and pets.
Characteristics of the Yarrawonga South
* Culture: Family-friendly activities, local sports clubs
* Transportation: Main roads connect easily to other suburbs and towns
* Services: Grocery stores, schools, and community recreational facilities
* Environment: Community-oriented with parks and playgrounds
Housing Options in the Yarrawonga South
Single-family homes, modern units
Average Home Prices in the Yarrawonga South
* Buying: $450,000 – $650,000
* Renting: $1,200 – $1,800/month
Mulwala
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Just across the border into New South Wales, Mulwala is an attractive option for those looking for lakeside properties. Known for its water activities and charm, it provides a wonderful lifestyle complemented by community spirit.
Characteristics of the Mulwala
* Culture: Water sports, fishing, and friendly gatherings
* Transportation: Local bus services and nearby access to major highways
* Services: Restaurants, shops, and essential services nearby
* Environment: Inviting and relaxed
Housing Options in the Mulwala
Lakeside units, family homes, holiday resorts
Average Home Prices in the Mulwala
* Buying: $500,000 – $700,000
* Renting: $1,500 – $2,200/month
Yarrawonga North
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The Yarrawonga North area is characterised by spacious blocks and a semi-rural feel. It is popular with those seeking an escape from the hustle and bustle of the city while remaining close to town conveniences.
Characteristics of the Yarrawonga North
* Culture: Local farms and fresh produce markets
* Transportation: Car required, with good access to main roads
* Services: Limited local shops, but close to larger centres
* Environment: Spacious and peaceful
Housing Options in the Yarrawonga North
Large homes on acreage, lifestyle properties
Average Home Prices in the Yarrawonga North
* Buying: $550,000 – $750,000
* Renting: $1,600 – $2,200/month
Silverwoods
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Silverwoods is an exclusive residential development adjacent to the Yarrawonga Golf Club. This area is popular with golf enthusiasts and those seeking luxury living with modern amenities.
Characteristics of the Silverwoods
* Culture: Golfing and luxury lifestyle
* Transportation: Car recommended, with easy access to town
* Services: Golf course, dining facilities, and health services nearby
* Environment: Sophisticated and stylish
Housing Options in the Silverwoods
Luxury homes, modern apartments
Average Home Prices in the Silverwoods
* Buying: $750,000 – $1,200,000
* Renting: $2,000 – $3,000/month
Frequently Asked Questions About the Best Residential Areas in Yarrawonga:
The best residential areas in Yarrawonga include Downtown Yarrawonga, The Point, Yarrawonga South, Mulwala, Yarrawonga North, and Silverwoods.
The Point is known for its tranquility and beautiful lake views, making it ideal for a peaceful lifestyle.
Yarrawonga South and Silverwoods have the most new housing options available, offering modern homes and developments.
Downtown Yarrawonga has the highest concentration of shops, services, and community facilities.
Yarrawonga South offers more affordable housing options compared to other areas with similar amenities.
Yarrawonga South and Downtown both have great schools and recreational facilities, making them ideal for families.
The Point and Mulwala are known for their access to water sports, parks, and picnic areas along the lake.
Downtown Yarrawonga has the best public transport connections, with local bus services readily available.
The median home prices vary by suburb, with Downtown Yarrawonga averaging $500,000 and Silverwoods potentially reaching $1,000,000.
Yes, there are several schools in Yarrawonga, particularly in the Downtown and Yarrawonga South areas.
Conclusion on the Best Residential Areas in Yarrawonga:
Yarrawonga offers a diverse range of residential areas, each catering to different lifestyles and preferences. Whether you're drawn to the vibrant life of Downtown, the serene lifestyle at The Point, or the family-friendly nature of Yarrawonga South, there is a perfect spot for everyone. With beautiful lakeside views, well-established facilities, and community-oriented living, Yarrawonga stands out as an attractive place to call home. Choosing the right neighbourhood will depend on your lifestyle needs, budget, and proximity to amenities, ensuring you find the ideal property in this charming town.
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.