Suburb Profile Report for Wheelers Hill VIC (3150)

Wheelers Hill House: Median price $1,025,000, Annual capital growth 8.42%, Number of sales 205, Weekly median advertised rent $480

Wheelers Hill Unit: Median price $725,000, Annual capital growth 11.30%, Number of sales 12, Weekly median advertised rent $428

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2508th in the list of Australian suburbs ordered by increase in median house value over the last year, Wheelers Hill, 3150 is in the BOTTOM 50% with a property value increase of 2.50% recorded in median house prices.

Over the longer term, Wheelers Hill has seen property prices show investors a 36.58% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Wheelers Hill 3150 should be seeing an average reduction in asking price of around -5.24% . This means that Wheelers Hill is holding prices well when compared to other suburbs in VIC.

At number 1119 in a list of fastest selling suburbs, Wheelers Hill is in the TOP 30% of suburbs in Australia with an average of days on market 64.01 for properties listed there.

A $480 per week rent on the median house gives suburb investors a gross yield of circa 2.44%, without taking into account capital value appreciation, which has been averaging out at 8.42%.

Property investors who have had real estate in Wheelers Hill, 3150 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 17.69%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wheelers Hill has increased when compared to the 5 year average annual rate.

Property investors should expect to get $427.5 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,025,000 $725,000
1.38% N/A
2.50% 17.69%
8.42% 11.30%
$480 $428
205 12
2.44% 3.07%
64.01 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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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