Werribee has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.58% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Werribee comes in at number 342th in VIC.
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 -4.98% is being offered, which puts this VIC suburb at 2472th most discounted overall in Australia.
In the last year 698 properties changed hands in Werribee, which puts it as the 5th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $300 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Werribee, 3030 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 5.84%.
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.
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 -5.70% is being offered, which puts this VIC suburb at 526th most discounted overall in Australia.
At number 856 in a list of fastest selling suburbs, Werribee is just in the bottom half of suburbs in Australia with an average of days on market 79.4 for properties listed there.
Situated 28.10km from the CBD, Werribee is one of Wyndham localities in the postcode 3030.
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.