Giving property investors a a solid capital gain of 22.00% for the last year, Werribee, 3030 is the 305th highest performer in Australia in this respect.
Comparing Werribee,3030 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Werribee should be aiming for at least -5.51% off the asking price, which is the average vendor discount being achieved at the moment.
Werribee is 251th on a list of best yielding suburbs for rents in VIC with a 3.90% return
At number 580th in the list of Australian suburbs ordered by increase in median house value over the last year, Werribee, 3030 is in the top 40% with a property value increase of 7.89% recorded in median house prices.
A 19.65% growth in median value for property investors in Werribee,3030 puts this suburb at number 124th in terms of best performing suburbs in VIC
Werribee, 3030 is offering VIC ‘s 175th 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.
On average over the past year, suburb has had 11.25 sales per month, which equates to 135 per year.
Renters in Suburb are facing rents around $3480 per annum or $290 every week.
Located in Greater Melbourne’s southwest corner, Werribee is home to a mixture of dwelling types, from 100-year-old houses to new estates on the outskirtsFull summary
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Located in Greater Melbourne’s southwest corner, Werribee is home to a mixture of dwelling types, from 100-year-old houses to new estates on the outskirts, which feature house and land packages with entry-level prices of $350,000–$400,000.Close
James Antonio, director of YPA Estate Agents Werribee, says demand is good in the family friendly suburb, with investors “snapping up the bigger blocks for townhouses”.
“We find lots of people are doing long-term rentals,” Antonio says.
“And the vacancy rate is low. To illustrate, we manage over 500 properties, and only two of them are empty.”
Its location at the midway point between Melbourne (32km) and Geelong makes it an ideal spot for commuters, who enjoy the suburb’s quiet lifestyle along Werribee River.
Antonio says there’s huge potential for Werribee’s future.
The new Wyndham Harbour in Werribee South will provide further transport options for residents, and potential overflow from neighbouring suburb Wyndham, which is one of the fastest-growing municipalities in Victoria, according to ABS statistics.
The city has revived plans to develop 775ha in Werribee East – a move that will create 58,000 jobs and add further modern amenities to the Werribee region.