After the Second World War, the suburb began to expand rapidly with the construction of many private homes. Yarralumla's image as a lower-class suburb would persist into the 1960s and 1970s. This general perception began to alter once Lake Burley Griffin had been created and its surrounds landscaped into parklands; the area soon gained a reputation for its attractive lakeside location. During the 1980s, house prices began to rise coincident with a rejuvenation of the suburb. Many of the original government-built monocrete, brick, and weatherboard houses have been demolished and replaced by larger dwellings of a variety of more modern styles and materials, although this process was more advanced in the central part of the suburb than in its east in 2004.
