Suburb Profile Report for Wheelers Hill VIC (3150)

Wheelers Hill House: Median price $1,002,000, Annual capital growth 8.69%, Number of sales 206, Weekly median advertised rent $480

Wheelers Hill Unit: Median price $725,000, Annual capital growth 11.12%, Number of sales 12, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Wheelers Hill, 3150 ranked 573th in VIC when comparing growth in median property values or capital gain over the last 12 months. Wheelers Hill is one of 2098 in our list for VIC

Taking the average capital gain, or increase in median house value, Wheelers Hill,3150 has racked up an average of 0.20% over the period. This ranks it number 1040th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Wheelers Hill is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 329th in terms of most discounted suburbs in VIC

At number 1146 in a list of fastest selling suburbs, Wheelers Hill is in the TOP 40% of suburbs in Australia with an average of days on market 65.55 for properties listed there.

Property investors should expect to get $480 weekly from the median priced house in this suburb.

VIC has seen average median house prices change by 2.98% which means that Wheelers Hill, 3150 has done well for property investors by showing a capital gain of 17.69% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Wheelers Hill comes in at number 205th in VIC.

With the median price for a house in Wheelers Hill being $725000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.01%

Metrics i HOUSE UNIT
$1,002,000 $725,000
0.20% N/A
0.20% 17.69%
8.69% 11.12%
$480 $420
206 12
2.49% 3.01%
65.55 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 19104
Median household income ($/weekly) 1567
Median age of persons 44
Median housing loan repayment ($/monthly) 2000
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 2112 11.1
    35-44 years 2346 12.3
    45-54 years 2690 14.1
    55-64 years 3041 15.9
    65-74 years 2241 11.7
    Others 6675 34.9
    Age Group
    Census Count Percent(%)
    Registered Married 9240 60.9
    Not Married 5461 36.0
    Defacto Relationship 481 3.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 10576 57.0
    Croatia 959 5.2
    Malta 695 3.7
    United Kingdom 782 4.2
    Other 1036 5.6
    Others 4493 24.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 1069 6.0
    Christianity 12055 67.2
    Hinduism 608 3.4
    Islam 298 1.7
    No Religion 3658 20.4
    Others 241 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 516 8.9
    $600-$799 449 7.8
    $1,500-$1,999 699 12.1
    $2,000-$2,499 585 10.1
    $2,500-$2,999 619 10.7
    Others 2899 50.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 6029 38.2
    Employed, worked full-time 5685 36.0
    Employed, worked part-time 3116 19.8
    Employed, away from work 524 3.3
    Unemployed, looking for work 417 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 1386 14.9
    Professionals 2635 28.3
    Technicians & trades workers 1042 11.2
    Clerical & administrative workers 1572 16.9
    Sales 1001 10.7
    Others 1690 18.1
    Occupation
    Census Count Percent(%)
    Pre-school 257 5.6
    Infants/Primary 1394 30.4
    Secondary 1347 29.4
    Technical or Further Educational Institution 325 7.1
    University or other Tertiary Institutions 1155 25.2
    Others 106 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 17625 96.6
    Flat, unit or apartment 406 2.2
    Semi-detached, row or terrace house, townhouse 213 1.2
    House or flat attached to a shop, office 6 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3368 52.6
    Being purchased 2081 32.5
    Rented 742 11.6
    Other tenure type 213 3.3
    Tenure Type
Census 2011, ABS
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