Yarrawonga
Suburb profile, market snapshot and recent listings for Yarrawonga, VIC 3730.
About Yarrawonga
Welcome to Yarrawonga
Yarrawonga sits on the Victorian side of the Murray River, roughly 265 kilometres north-east of Melbourne, where the river widens into Lake Mulwala just across the border into New South Wales. It's a border town in the truest sense, sharing a footpath and a lake with Mulwala on the NSW side, and drawing visitors and retirees for its water, golf courses and easy-going pace.
With a population of 8,661 and a median age of 52, Yarrawonga has long been a magnet for downsizers, grey nomads and holidaymakers, though a steady stream of families and younger buyers has been changing the mix in recent years. It suits people after a slower rhythm of life without giving up services altogether — a genuine town centre, decent schools, and water on the doorstep.
Lifestyle & dining
Life in Yarrawonga revolves heavily around Lake Mulwala. Boating, fishing, water-skiing and lakeside walking or cycling tracks are part of daily life for a large share of residents, and the town's cafes and pubs lean into that outdoor, holiday-town feel even outside peak season. The main street has a solid spread of cafes, bakeries and restaurants, along with the RSL and golf club dining rooms that double as social hubs for the town's older population.
Golf is a particular drawcard, with multiple courses in and around town attracting members and visiting players year-round, while the warmer months bring an influx of Melburnians and Victorians escaping to the lake for weekends and school holidays.
Shopping
Yarrawonga functions as a proper regional service centre rather than a satellite town, with a full-scale supermarket offering, specialty stores, and a main strip that covers most day-to-day needs without a drive to a bigger centre. For bulkier shopping trips, Shepparton and Wodonga are within reach, but locals generally find they can do most of their shopping without leaving town.
Getting around
Yarrawonga is a car-dependent town, connected to the broader region by the Murray Valley Highway, which links it to Cobram, Numurkah and on to Shepparton, as well as across the border to Mulwala and further into southern NSW. There's no passenger rail service directly into town, so most residents rely on private vehicles, with regional coach connections available for those without a car.
Within the town itself, distances are short and the flat terrain makes walking and cycling around the lake and central area genuinely practical, which is part of the appeal for retirees looking to stay active without needing to drive everywhere.
Schools & families
Families are well served locally, with Yarrawonga College P-12 offering a full public schooling pathway across its main campus and Gilmore Street campus, meaning children can stay in the one system from prep through to year 12. The Catholic sector is represented by Sacred Heart Primary School and Sacred Heart College, which also runs a dedicated senior campus. Having both public and Catholic options covering the full P-12 range in a town of this size is a notable drawcard for families considering a move from bigger centres.
Parks & recreation
Beyond the obvious pull of Lake Mulwala for boating, fishing and water sports, Yarrawonga has well-used walking and cycling paths tracing the foreshore, along with sporting clubs, golf courses and community facilities that punch above what you'd expect for the population. The lake effectively acts as the town's central park, and much of community life, from fun runs to regattas, is organised around it.
The property market
Yarrawonga's housing market centres on established houses, which make up 66% of current listings, with land sales accounting for a further 26% — a sign of ongoing new development around the town's edges. Apartments and units (5%) and townhouses (2%) remain a small slice of the market, reflecting the town's low-density, house-and-lake character.
The median house price sits at $610,000, having lifted 5.2% recently, while units carry a median of $398,000. Median weekly rent across the town is $505. Buyers are typically drawn by lifestyle and lake access rather than commuter convenience, and that continues to underpin demand from retirees, holiday-home buyers and, increasingly, remote workers looking for space and water without capital-city prices.
Market snapshot
Yarrawonga property market
Median sale price
$610k
House · 3 bed
Median rent
$505
per week
Gross rental yield
4.3%
annual rent ÷ sale price
Typical price range
Entry
$381k
Median
$610k
Premium
$899k
Days on market
96
Auction clearance
0%
Sold this year
129
Median sold price trend · House 3 bed
Compound growth +1.7% / yr over 4 yrs
Median price by bedrooms · House
Property types on market
Share of current listings in Yarrawonga by dwelling type.
Who lives here
Demographics
ABS Census 2021 figures for Yarrawonga, VIC 3730.
Population
8,661
residents (2021)
Median age
52
years
Household income
$1,149
median, per week
Median rent
$290
per week
Median mortgage
$1,430
per month
Mortgage / income
29%
comfortable
Source: Australian Bureau of Statistics, Census of Population and Housing 2021. Suburb-level (SAL) aggregates.
Education
Schools in Yarrawonga
Government school catchment
Yarrawonga College P-12-Gilmore Street Campus
Independent & Catholic schools
Sacred Heart College - Senior Campus
Recent results
Recently sold in Yarrawonga
$699k
3 Morrisey Drive
Sold ~July 2026
$375k
5 Cahills Road
Sold ~July 2026
$849k
23 Rakali Drive
Sold ~July 2026
$639k
67 Peter Thomson Circuit
Sold ~July 2026
$635k
25 Peter Thomson Circuit
Sold ~July 2026
$665k
10 Lakeviews Circuit
Sold ~July 2026
$695k
25 Telford Street
Sold ~July 2026
$479k
2/85 Lynch Street
Sold ~July 2026
Sold prices as published on the original listing; some may reflect the last advertised price. Dates are approximate.
Explore the area
Properties & amenities in Yarrawonga
Compare the area
Price map around Yarrawonga
Every listing for sale near Yarrawonga, coloured by price — so you can see how it stacks up against the streets and suburbs next door.
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Common questions
Yarrawonga suburb FAQ
What is the median property price in Yarrawonga?
The median house price in Yarrawonga, VIC is $610k for a 3-bedroom home. Over the past year, median sold prices have risen about 5.2%.
How much is rent in Yarrawonga?
The median weekly rent in Yarrawonga is around $505 per week.
Is Yarrawonga a good place to live?
Yarrawonga is a town in the Shire of Moira local government area in the Australian state of Victoria. Yarrawonga is an established residential suburb in VIC, with a population of around 8,661 and 5 schools in the area.
What is the population of Yarrawonga?
Yarrawonga has a population of 8,661 (ABS 2021 Census), with a median age of 52.
What schools are in Yarrawonga?
There are 5 schools in or near Yarrawonga, including Yarrawonga College P-12, Yarrawonga College P-12-Gilmore Street Campus and Sacred Heart Primary School.
How long do homes take to sell in Yarrawonga?
Properties in Yarrawonga take around 96 days to sell on average, with an auction clearance rate of about 0%.
How much do you need to buy in Yarrawonga?
Entry-level properties in Yarrawonga start around $381k, while premium homes reach $899k.
What suburbs are near Yarrawonga?
Suburbs near Yarrawonga include Bathumi.
Fresh to market
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