Investment property in Werribee has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.32%
When looking at the potential capital gains offered to property investors over the last 3 years, Werribee comes in at number 312th in VIC.
Sellers are offering property buyers an average discount of -5.72% to buyers in Werribee at the moment, which is less than average for the rest of VIC.
Property investors should expect to get $300 weekly from the median priced house in this suburb.
With a capital gain of 2.01% for the last 12 months, Werribee, 3030 has performed for property investments than its average annual 3.34% property growth over the last 5 years.
While Werribee,3030 ranked number 191th in VIC for increase in median house value (annualised) increase, it is ranked 260th over the last 5 years.
At number 138th of VIC’s most discounted properties, Werribee is in the middle of the state/territory when listing in order of most discounted to least.
Situated 28.07km 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.