Some gems are still waiting to be uncovered. One of these gems is Yarraville. Senior Buyers Advocate Mark Ribarsky helps you take a closer look at the property market, and advantages of this electric inner west suburb.
Yarraville is located just 8kms to the west of Melbourne’s CBD. It has a sweet array of both period and contemporary properties, which reflect its rich history, as well as its new age revival.
There are a few main shopping areas in Yarraville, which are located on Anderson Rd, and Ballarat St. Here you will find an abundance of cafes and bakeries by day, and a lively social scene by night. There is public transport in this vicinity also, with the Metro train Williamstown line, as well as regular bus services.
The suburb houses four great primary schools; St. Augustine’s, which is a private Catholic school, Yarraville West, Kingsville and Wembley Primary School, which are all public schools. The closest high school is located in Footscray.
Yarraville has a few open spaces for you to relax in, including the C.J. Cruickshank Park, and the McIvor Reserve. There is a lovely walking and bicycle track that runs along Stony Creek.
“Yarraville is a hidden secret that has so much potential.” Says Mr. Ribarsky. “It is close to the city, has great schools, and with the abundance of parks and close proximity to amenities, it really appeals to the younger professionals who are starting families”
Mr. Ribarsky also goes on to describe the growth potential in Yarraville, “Another benefit is there are lots of period homes in this suburb that appeals to the renovator in everyone! I have found the renovations are usually only cosmetic lifts, like polishing the floorboards, painting the weatherboard and picket fence, and maybe updating the bathrooms and kitchen. These renovations can make a huge difference to the capital growth of the property.”
The southern and south western areas of Yarraville are best avoided for investment however, due to their proximity to the West Gate Freeway, and the traffic thoroughfare caused by trucks using the roads to gain access to the industrial areas in the west of Melbourne.