Yarra Junction is a town in Victoria, Australia, 55 km (34 mi) east from Melbourne's central business district, located within the Shire of Yarra Ranges local government area.

Yarra Junction is a small town with many activities, services and amenities including Cunningham's Irish Inn and an RSL.

The Post Office opened on 20 November 1901, a week after the opening of the Yarra Junction railway station as part of the railway line to Warburton.

The Yarra Junction Campus was established in 1949 and it was the first of its kind in Australia.

Its most famous product was former Richmond premiership ruckman Jack Dyer, also known as Captain Blood, who grew up in the town before moving to Melbourne in his late teens for school.