Yarrawonga

Yarrawonga lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends

Yarrawonga's population is around 9,276 as of Nov 2025. This reflects an increase of 615 people since the 2021 Census, which reported a population of 8,661. The change was inferred from the estimated resident population of 8,918 in June 2024 and an additional 719 validated new addresses since the Census date. This level of population equates to a density ratio of 98 persons per square kilometer. Yarrawonga's growth rate of 7.1% since the 2021 census exceeded the SA4 region's 3.5%, marking it as a growth leader in the area. Population growth was primarily driven by interstate migration, contributing approximately 87.5% of overall population gains during recent periods.

AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with 2022 as the base year. For areas not covered, AreaSearch utilises VIC State Government's Regional/LGA projections released in 2023, adjusting using a method of weighted aggregation of population growth from LGA to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Based on demographic trends and latest annual ERP population numbers, Yarrawonga is predicted to expand by 5,793 persons to 2041, reflecting a gain of 58.2% in total over the 17 years.

AreaSearch assessment of residential development activity positions Yarrawonga among the top 25% of areas assessed nationwide

Yarrawonga has seen approximately 154 new home approvals each year over the past five financial years, totalling 772 homes. As of FY-26, 93 approvals have been recorded. On average, 0.6 new residents per year arrive for every new home approved between FY-21 and FY-25, indicating that new supply is meeting or exceeding demand. The average construction value of these new properties is $372,000, which is moderately higher than regional levels, suggesting an emphasis on quality construction.

This financial year has seen $3.3 million in commercial approvals, indicating limited commercial development focus compared to residential. Compared to the rest of Victoria, Yarrawonga has 108% more development activity per person, reflecting strong developer confidence in the location. Ninety-seven percent of new developments consist of detached dwellings, maintaining the area's traditional low-density character and appealing to those seeking family homes with space. With around 52 people per approval, Yarrawonga reflects a developing area. According to AreaSearch's latest quarterly estimate, Yarrawonga is expected to grow by approximately 5,399 residents through to 2041.

Development in the area is keeping pace with projected growth, though increasing competition among buyers is anticipated as the population expands.

Yarrawonga has moderate levels of nearby infrastructure activity, ranking in the 40thth percentile nationally

The performance of an area is significantly influenced by changes in local infrastructure, major projects, and planning initiatives. AreaSearch has identified 16 projects that are expected to impact the area. Notable projects include The Sebel Yarrawonga (Silverwoods Resort) - Stage 2 Expansion, Yarrawonga Village, Yarrawonga Multisport Stadium, and Yarrawonga Hospital New Theatre Suite. The following list details those projects likely to be most relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

While Yarrawonga retains a healthy unemployment rate of 2.5%, recent employment declines have impacted its national performance ranking

Yarrawonga has a balanced workforce with both white and blue collar jobs, prominent tourism and hospitality sectors, and an unemployment rate of 2.5% as of September 2025. There are 3,663 residents employed in the area, which is 1.3% below the Rest of Vic's unemployment rate of 3.8%.

The workforce participation rate is lower at 47.8%, compared to Rest of Vic's 57.4%. Leading employment industries among residents include health care & social assistance, construction, and accommodation & food. Accommodation & food has particularly high employment levels, at 1.9 times the regional average. Agriculture, forestry & fishing employs only 4.2% of local workers, below Rest of Vic's 7.8%.

Over the year to September 2025, labour force levels decreased by 10.4%, with employment decreasing by 11.6%, leading to a rise in unemployment rate by 1.3 percentage points. In contrast, Rest of Vic experienced an employment decline of 0.7% and labour force decline of 0.6%. State-level data from November 25 shows VIC employment grew by 1.13% year-on-year, adding 41,950 jobs, with the state unemployment rate at 4.7%, compared to the national rate of 4.3%. Jobs and Skills Australia's national employment forecasts from May-25 suggest that national employment should expand by 6.6% over five years and 13.7% over ten years. Applying these projections to Yarrawonga's employment mix, local employment is estimated to increase by 5.9% over five years and 12.6% over ten years.

The area's income levels rank in the lower 15% nationally based on AreaSearch comparative data

The Yarrawonga SA2's median income among taxpayers was $45,855 in financial year 2022. The average income stood at $57,721 during the same period. These figures were lower than those of Rest of Vic., which had median and average incomes of $48,741 and $60,693 respectively. Based on Wage Price Index growth of 12.16% since financial year 2022, estimated current incomes as of September 2025 would be approximately $51,431 (median) and $64,740 (average). According to the 2021 Census, household, family and personal incomes in Yarrawonga fell between the 10th and 14th percentiles nationally. The income bracket of $400 - 799 captured 27.6% of the community, with 2,560 individuals, differing from surrounding regions where the $1,500 - 2,999 band dominated with 30.3%. After housing costs, 85.8% of income remained, ranking at the 12th percentile nationally.

Yarrawonga is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership

Yarrawonga's dwelling structures, as per the latest Census, consisted of 84.3% houses and 15.8% other dwellings. In comparison, Non-Metro Vic had 90.8% houses and 9.3% other dwellings. Home ownership in Yarrawonga was 47.5%, with mortgaged dwellings at 28.5% and rented ones at 24.0%. The median monthly mortgage repayment was $1,430, higher than Non-Metro Vic's average of $1,300. Median weekly rent in Yarrawonga was $290, compared to Non-Metro Vic's $250. Nationally, Yarrawonga's mortgage repayments were lower at $1,430 versus Australia's average of $1,863, and rents were substantially below the national figure of $375.

Yarrawonga has a typical household mix, with a fairly typical median household size

Family households constitute 68.3% of all households, including 21.2% couples with children, 36.9% couples without children, and 9.7% single parent families. Non-family households account for the remaining 31.7%, with lone person households at 29.6% and group households comprising 2.2%. The median household size is 2.3 people, which aligns with the Rest of Vic. average.

Educational outcomes in Yarrawonga fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment

The area's university qualification rate is 13.9%, significantly lower than Victoria's average of 33.4%. Bachelor degrees are the most common at 9.9%, followed by graduate diplomas (2.1%) and postgraduate qualifications (1.9%). Vocational credentials are prevalent, with 38.8% of residents aged 15+ holding such qualifications - advanced diplomas at 10.3% and certificates at 28.5%. A substantial 24.8% of the population is actively engaged in formal education, including 9.9% in primary, 7.3% in secondary, and 1.8% in tertiary education.

A substantial 24.8% of the population actively pursues formal education. This includes 9.9% in primary education, 7.3% in secondary education, and 1.8% pursuing tertiary education.

Transport servicing is very low compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Yarrawonga has five operational public transport stops, offering a combination of train and bus services. These stops are served by twelve distinct routes, collectively facilitating 120 weekly passenger trips. The accessibility of these services is limited, with residents typically residing 1147 meters away from the nearest stop.

On average, there are 17 daily trips across all routes, equating to approximately 24 weekly trips per individual stop.

Health performance in Yarrawonga is a key challenge with a range of health conditions having marked impacts on both younger and older age cohorts

Yarrawonga faces significant health challenges, with various conditions affecting both younger and older residents. Approximately 49% (~4,535 people) have private health cover, lower than the national average of 55.3%.

The most prevalent medical conditions are arthritis (12.4%) and mental health issues (8.5%). About 59.4% report no medical ailments, compared to 60.0% in Rest of Vic.. Residents aged 65 and over comprise 31.4% (2,916 people), higher than the 27.0% in Rest of Vic.. Health outcomes among seniors present challenges but exceed general population metrics.

The latest Census data sees Yarrawonga placing among the least culturally diverse areas in the country when compared across a range of language and cultural background related metrics

Yarrawonga had a cultural diversity index below average, with 91.4% of its population being Australian citizens, born in Australia (90.8%), speaking English only at home (96.5%). Christianity was the predominant religion, comprising 58.8% of Yarrawonga's population, compared to 56.1% across Rest of Vic.. The top three ancestry groups were English (34.1%), Australian (31.7%), and Irish (11.0%).

Notably, Scottish ancestry was overrepresented at 9.3%, compared to the regional average of 8.3%, while Maltese ancestry stood at 0.6% versus a regional average of 0.4%.

Yarrawonga ranks among the oldest 10% of areas nationwide

Yarrawonga's median age stands at 51 years, which is notably higher than the Rest of Vic. average of 43 and significantly older than the Australian median of 38. The 65-74 age cohort is particularly over-represented in Yarrawonga, making up 16.1% of the local population compared to the Rest of Vic. average, while the 45-54 year-olds are under-represented at 9.6%. This concentration of the 65-74 age group is well above the national average of 9.4%. According to post-2021 Census data, the 35 to 44 age group has increased from 9.1% to 10.4%, and the 25 to 34 cohort has risen from 8.7% to 9.9%. Conversely, the 65 to 74 age group has decreased from 17.7% to 16.1%, and the 45 to 54 group has dropped from 10.8% to 9.6%. By 2041, Yarrawonga's age composition is expected to shift significantly, with the 25 to 34 age group projected to grow by 95%, reaching 1,802 people from the current 922.