Suburb Profile Report for Wheelers Hill VIC (3150)

Wheelers Hill House: Median price $1,002,000, Annual capital growth 9.28%, Number of sales 205, Weekly median advertised rent $475

Wheelers Hill Unit: Median price $720,000, Annual capital growth 9.77%, Number of sales 15, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Wheelers Hill have tracked just lower than the VIC average of 7.68% over the last 12 months.

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.

Our latest figures would indicate that property sellers in Wheelers Hill are currently offering property investors an average price cut of -5.27% below the asking price at the moment.

In the last year 205 properties changed hands in Wheelers Hill, which puts it as the 105th most active market in VIC when comparing the number of sales per suburb.

A $475 per week rent on the median house gives suburb investors a gross yield of circa 2.47%, without taking into account capital value appreciation, which has been averaging out at 9.28%.

If you compare the increase in value of investment property in Wheelers Hill, 3150 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 15.20%.

A 38.20% growth in median value for property investors in Wheelers Hill,3150 puts this suburb at number 294th in terms of best performing suburbs in VIC

Wheelers Hill is 340th on a list of best yielding suburbs for rents in VIC with a 3.03% return

HOUSE UNIT
$1,002,000 $720,000
0.20% -2.70%
2.24% 15.20%
9.28% 9.77%
$475 $420
205 15
2.47% 3.03%
69.09 N/A

Source: CoreLogic

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