Werribee is an average performer in VIC when comparing median price capital growth over the last year. Werribee gave property investors a average capital gain figure when compared to the rest of the state, with 8.83%.
A 9.52% growth in median value for property investors in Werribee,3030 puts this suburb at number 173th in terms of best performing suburbs in VIC
Vendor discounting in Werribee is giving property investors an average Vendor Discount of around -5.06%. This puts suburb at number 360th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 5.16%, investors should hope to achieve an overall return of 4.52%
Werribee is in the bottom 40% in VIC when comparing median price capital growth over the last year. Werribee gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.85%.
While Werribee,3030 ranked number 114th in VIC for increase in median house value (annualised) increase, it is ranked 241th over the last 5 years.
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 -5.56% is being offered, which puts this VIC suburb at 563th most discounted overall in Australia.
Werribee is 62th on a list of best yielding suburbs for rents in VIC with a 5.20% 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.