Suburb Profile Report for Wyndham Vale VIC (3024)

Wyndham Vale House: Median price $377,000, Annual capital growth 5.47%, Number of sales 422, Weekly median advertised rent $320

Wyndham Vale Unit: Median price $295,000, Annual capital growth 3.38%, Number of sales 22, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 8.33% for the last 12 months, Wyndham Vale, 3024 has performed for property investments than its average annual 5.47% property growth over the last 5 years.

Wyndham Vale,3024 has offered an average of 8.33% return per annum in house price rises to property investors over the last three years.

Wyndham Vale3024 is located in VIC which offers an average discount of -6.03% to property investors. Wyndham Vale itself is showing figures that indicate -4.62% is the average achievable by property buyers investing in the suburb.

Wyndham Vale is 196th on a list of best yielding suburbs for rents in VIC with a 4.41% return

Investment property in Wyndham Vale has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.36%

The five-year average increase in median property values for Wyndham Vale,3024 has given property investors a potential capital gain of 7.27% across each of those five years.

Property buyers and investors in Wyndham Vale 3024 should be seeing an average reduction in asking price of around -4.55% . This means that Wyndham Vale is holding prices well when compared to other suburbs in VIC.

Wyndham Vale, 3024’s gross rental yield is 5.29%

HOUSE UNIT
$377,000 $295,000
2.86% 1.03%
8.33% 5.36%
5.47% 3.38%
$320 $300
422 22
4.41% 5.29%
48.88 89.47

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 17304
Median household income ($/weekly) 1356
Median age of persons 30
Median housing loan repayment ($/monthly) 1700
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 1814 10.5
    5-14 years 2810 16.2
    25-34 years 3553 20.5
    35-44 years 2790 16.1
    45-54 years 1879 10.9
    Others 4459 25.8
    Age Group
    Census Count Percent(%)
    Registered Married 5787 49.3
    Not Married 4444 37.9
    Defacto Relationship 1507 12.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 11976 73.5
    Indonesia 547 3.4
    Papua New Guinea 546 3.4
    United Kingdom 799 4.9
    Other 884 5.4
    Others 1542 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 231 1.5
    Christianity 9992 64.5
    Hinduism 460 3.0
    Islam 395 2.6
    No Religion 4188 27.1
    Others 214 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 502 9.7
    $1,000-$1,249 593 11.4
    $1,250-$1,499 577 11.1
    $1,500-$1,999 934 18.0
    $2,000-$2,499 688 13.3
    Others 1886 36.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 5595 46.6
    Not in the labour force 3362 28.0
    Employed, worked part-time 2008 16.7
    Unemployed, looking for work 553 4.6
    Employed, away from work 489 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1164 14.4
    Technicians & trades workers 1269 15.7
    Community & personal service workers 851 10.5
    Clerical & administrative workers 1405 17.4
    Machinery operators & drivers 918 11.3
    Others 2486 30.7
    Occupation
    Census Count Percent(%)
    Pre-school 335 7.9
    Infants/Primary 1731 40.7
    Secondary 1150 27.0
    Technical or Further Educational Institution 366 8.6
    University or other Tertiary Institutions 421 9.9
    Others 255 6.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 16070 98.1
    Flat, unit or apartment 214 1.3
    Semi-detached, row or terrace house, townhouse 80 0.5
    Improvised home, tent, sleepers out 9 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3304 59.0
    Rented 1383 24.7
    Fully owned 893 15.9
    Other tenure type 23 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals