Property investors who have had real estate in Werribee, 3030 should be 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 16.73%
The five-year average increase in median property values for Werribee,3030 has given property investors a potential capital gain of 23.95% across each of those five years.
Sellers are offering property buyers an average discount of -8.45% to buyers in Werribee at the moment, which is less than average for the rest of VIC.
Advertised rents are around the $310 mark per week – giving a return of 4.18% based on the median price in Suburb
VIC has seen average median house prices change by 3.49% which means that Werribee, 3030 has done well for property investors by showing a capital gain of 4.78% over the last year
If we look at median property appreciation over just the last three months, Werribee has given property investors a paper return of 0.09%. This puts Suburb as 202 on a list of fastest fasting appreciating suburbs in VIC
Werribee, 3030 is offering VIC ‘s 188th 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.
Property investors should expect to get $285 weekly from the median priced house in this suburb.
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.