Werribee has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 7.59% to date .
Werribee,3030 was ranked 1617 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Werribee, 3030. Typically our figures indicate that -5.02% is being offered, which puts this VIC suburb at 2425th most discounted overall in Australia.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.59%, without taking into account capital value appreciation, which has been averaging out at 4.99%.
Investment property in Werribee has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.30%
If we look at median property appreciation over just the last three months, Werribee has given property investors a paper return of 1.39%. This puts Suburb as 147 on a list of fastest fasting appreciating suburbs in VIC
Werribee, 3030 is offering VIC ‘s 124th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.
On average over the past year, suburb has had 15.17 sales per month, which equates to 182 per year.
Advertised rents are around the $275 mark per week – giving a return of 5.22% based on the median price in Suburb
Population is on the move upwards in Werribee, as outer Melbourne suburbs begin to experience growth thanks to improved infrastructure and lifestyle-based location choices.
Information supplied by:
0419 580 535
Located approximately 30km to Melbourne's south-west, Werribee offers affordable property, in close proximity to good amenities, such as quality schools, shopping facilities and public transport. The CBD has never been as accessible as it is now, while a number of small and large businesses also play a role in driving the local economy.
Houses can be picked up for as little as $200,000 in the suburb, representing a great opportunity to get into a market that's primed for growth.Full summary
Selling points: Werribee has one of the fastest growing populations in Victoria. It is approximately 20-30 minutes to the Melbourne CBD and has an abundance of good schools, public transport and shopping centres. Values range in the area from $200,000 to $1.3 million
Most sought after properties: Most homes are in demand if they are in the right location; being close to schools, shops and public transport
Most common properties: The majority of homes are older, allowing the opportunity to pick up a large parcel of land. The newer sub divisions are all on smaller blocks of land
Top amenities: Great schools, shopping facilities, public transport and affordability
Local industry and business: Werribee has a number of small and large businesses; however a lot of the community will travel to the Melbourne CBD to work.
Recent changes: The area has changed considerably, with the population growth and infrastructure required to meet everyone’s needs. The Werribee Plaza is a huge shopping centre that caters for all needs and wants, and has expanded greatly over the past decade, with plans in the process for larger expansion again
Best streets: The best areas to buy are the streets close to the main street of Werribee, the train station, schools, shops and freeway access
Public transport: Buses run at regular times to all of the major shopping centres, train stations and past most of the schools.
Main arteries: The freeways from Werribee are fantastic. If you head in an easterly direction you will be in Melbourne’s CBD in 20-30 mins. If you head in a westerly direction you will be in Geelong in about 30 mins, or you can keep heading west to the beaches, taking about another 20-30 mins.