Suburb Profile Report for Wyndham Vale VIC (3024)

Wyndham Vale House: Median price $415,000, Annual capital growth 6.76%, Number of sales 452, Weekly median advertised rent $330

Wyndham Vale Unit: Median price $238,000, Annual capital growth 2.05%, Number of sales 34, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Wyndham Vale, 3024 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.54%

The five-year average increase in median property values for Wyndham Vale,3024 has given property investors a potential capital gain of 33.87% across each of those five years.

Wyndham Vale, 3024 is offering VIC ‘s 370th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 6.76%, investors should hope to achieve an overall return of 4.13%

If you compare the increase in value of investment property in Wyndham Vale, 3024 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.83%.

A -11.85% growth in median value for property investors in Wyndham Vale,3024 puts this suburb at number 361th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Wyndham Vale is offering property investors an average of -4.68. This rate of discount on properties puts Suburb at number 141th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Wyndham Vale the average time real estate has been on the market is 68.46 days.

Advertised rents are around the $310 mark per week – giving a return of 6.77% based on the median price in Suburb

Metrics i HOUSE UNIT
$415,000 $238,000
4.53% -12.82%
13.54% -0.83%
6.76% 2.05%
$330 $310
452 34
4.13% 6.77%
42.88 68.46

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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