Suburb Profile Report for Wyndham Vale VIC (3024)

Wyndham Vale House: Median price $400,000, Annual capital growth 6.32%, Number of sales 435, Weekly median advertised rent $330

Wyndham Vale Unit: Median price $281,000, Annual capital growth 2.95%, Number of sales 28, Weekly median advertised rent $308

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1421th in the list of Australian suburbs ordered by increase in median house value over the last year, Wyndham Vale, 3024 is in the top 40% with a property value increase of 10.19% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Wyndham Vale,3024 has racked up an average of 10.19% over the period. This ranks it number 1597th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Wyndham Vale should be aiming for at least -4.54% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 36.25 sales per month, which equates to 435 per year.

Wyndham Vale is 195th on a list of best yielding suburbs for rents in VIC with a 4.29% return

At number 251th in the list of Australian suburbs ordered by increase in median house value over the last year, Wyndham Vale, 3024 is in the top 20% with a property value increase of 15.88% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wyndham Vale has increased when compared to the 5 year average annual rate.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.87% offered to property buyers. Sellers in Wyndham Vale itself are offering an average vendor discount of -3.50% to real estate investors.

Using the current median advertised rental of $307.5 and the average annual increase in value of a median property of 2.95%, investors should hope to achieve an overall return of 5.69%

Metrics i HOUSE UNIT
$400,000 $281,000
2.93% N/A
10.19% 15.88%
6.32% 2.95%
$330 $308
435 28
4.29% 5.69%
44.23 77.92

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Wyndham Vale VIC
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
Chart Table
Recent sales & rentals