VIC has seen average median house prices change by 8.96% which means that Werribee, 3030 has done well for property investors by showing a capital gain of 17.65% over the last year
Werribee,3030 was ranked 665 in Australia by increase in median property value over the quarter.
Werribee, 3030 is offering VIC ‘s 130th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
At number 494 in a list of fastest selling suburbs, Werribee is in the TOP 20% of suburbs in Australia with an average of days on market 48.52 for properties listed there.
The VIC suburb of Werribee, 3030 is in the Wyndham local government area.
Property value increases in Werribee have tracked just higher than the VIC average of 4.26% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Werribee has increased when compared to the 5 year average annual rate.
Property buyers and investors in Werribee 3030 should be seeing an average reduction in asking price of around -4.62% . This means that Werribee is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Werribee have been waiting around 76.22 days to sell a property.
Werribee is 82th on a list of best yielding suburbs for rents in VIC with a 4.99% return
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.