Suburb Profile Report for Wantirna VIC (3152)

Wantirna House: Median price $866,000, Annual capital growth 9.97%, Number of sales 200, Weekly median advertised rent $440

Wantirna Unit: Median price $568,000, Annual capital growth 5.86%, Number of sales 27, Weekly median advertised rent $395

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in Wantirna, 3152 should be relatively 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 8.86%

When looking at the potential capital gains offered to property investors over the last 3 years, Wantirna comes in at number 192th in VIC.

Wantirna, 3152 is offering VIC ‘s 3rd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.

At number 1418 in a list of fastest selling suburbs, Wantirna is in the TOP 40% of suburbs in Australia with an average of days on market 67.06 for properties listed there.

Advertised rents are around the $440 mark per week – giving a return of 2.64% based on the median price in Suburb

Wantirna, 3152 ranked 70th in VIC when comparing growth in median property values or capital gain over the last 12 months. Wantirna is one of 2098 in our list for VIC

While Wantirna,3152 ranked number 197th in VIC for increase in median house value (annualised) increase, it is ranked 38th over the last 5 years.

Our latest figures would indicate that property sellers in Wantirna are currently offering property investors an average price cut of -20.63% below the asking price at the moment.

Brendan Murphy Information supplied by:

Brendan Murphy
Barry Plant

M 9801 4777
O 0439 388 866

W http://www.barryplant.com.au/wantirna/
E bmurphy@barryplant.com.au
Wantirna’s proximity to all amenities and services provides an exceptional lifestyle for a large diverse group of families. With four local Primary Schools, Wantirna Secondary College, an abundance of parklands and easy access to Studfield Shops, Wantirna Mall and Knox City life is easy going in this leafy suburb.
Full summary
Property value increases in Wantirna have tracked just higher than the VIC average of 0.13% over the last 12 months.
 
When looking at the potential capital gains offered to property investors over the last 3 years, Wantirna comes in at number 462th in VIC.
 
Wantirna, 3152 is offering VIC ‘s 523th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
 
On average over the past year, suburb has had 11.08 sales per month, which equates to 133 per year.
 
Wantirna, 3152’s gross rental yield is 3.99%
 
Selling points: Wantirna’s proximity to all amenities and services provides an exceptional lifestyle for a large diverse group of families. With four local Primary Schools, Wantirna Secondary College, an abundance of parklands and easy access to Studfield Shops, Wantirna Mall and Knox City life is easy going in this leafy suburb.
 
Most sought-after properties: Three to five bedroom family homes on approx. 700sqm of land are the most sought after in quiet cul-de-sacs of the Regency Park Estate situated in the heart of Wantirna.
 
Most common properties:  1970 to 1980 brick veneer 3 to 4 bedroom homes are the most sought after properties in Wantirna. As a family’s needs grow many of the local residents will upsize and seek out the larger properties measuring approx. 40 squares of living offering 4 bedrooms plus a study, three living areas as they have well and truly cemented themselves in the local community by then and look to live out their lives in the Wantirna area. 
 
Top amenities: Westfield Knox Shopping Centre provides many attractions including restaurants, cinemas & over 200 designer shops. Well regarded Templeton Primary School and Wantirna College will service all of your children’s education needs. Plenty of open parklands for all enjoy, local sporting clubs and easy access to the Eastlink to commute to the CBD  
 
Local industry and business: Many residents commute to Melbourne’s CBD. Local traders include shop owners and staff at the Studfield Shops and Wantirna Mall, ranging from cafes to boutique shops including many hospitality employees.
 
Recent changes: Westfield Knox Shopping Centre has had some significant upgrades over the past five years. There are two high density apartment developments that are under construction which is setting a new standard of living in the Wantirna area. The City of Knox has always held a vision to improve local infrastructure; most recently the Knox Private Hospital had a major overhaul, Wantirna College had new facilities built, local parklands have been well maintained.
 
Best streets: Amersham Drive, Wantirna is one of the best regarded streets with quiet leafy courts branching off offering large prestigious property that your friends and family will envy. The most sought after area in Wantirna is known as Regency Park due to its proximity to local Primary Schools, shops and its family neighbourhood feel.
 
Public transport: There are a number of buses along Burwood Highway, Stud and Boronia Road, not to mention the central bus hub at Westfield Knox which has direct links to Mitcham, Glen Waverley train stations.
 
Main arteries: The main roads that service the Wantirna area are Burwood & Mountain Highway, Stud and Boronia Road. In June 2007 travel time was definitely cut short with the opening of Eastlink if you were heading to the beach of CBD.
Close
Metrics i HOUSE UNIT
$866,000 $568,000
4.34% 1.16%
8.86% 13.03%
9.97% 5.86%
$440 $395
200 27
2.64% 3.62%
67.06 39.33

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Wantirna VIC
Demographics
Total population 13766
Median household income ($/weekly) 1470
Median age of persons 41
Median housing loan repayment ($/monthly) 1800
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1421 10.3
    25-34 years 1721 12.5
    35-44 years 1723 12.5
    45-54 years 1945 14.1
    55-64 years 2278 16.5
    Others 4679 34.0
    Age Group
    Census Count Percent(%)
    Registered Married 5971 55.1
    Not Married 4269 39.4
    Defacto Relationship 588 5.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 9000 67.1
    Croatia 474 3.5
    Malta 374 2.8
    United Kingdom 642 4.8
    Other 579 4.3
    Others 2338 17.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 737 5.7
    Christianity 8164 63.3
    Hinduism 364 2.8
    Islam 155 1.2
    No Religion 3337 25.9
    Others 150 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 353 8.2
    $1,000-$1,249 388 9.0
    $1,500-$1,999 608 14.2
    $2,000-$2,499 496 11.6
    $2,500-$2,999 390 9.1
    Others 2057 47.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4634 40.9
    Not in the labour force 3709 32.7
    Employed, worked part-time 2289 20.2
    Employed, away from work 376 3.3
    Unemployed, looking for work 318 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 848 11.6
    Professionals 1618 22.2
    Technicians & trades workers 1040 14.3
    Clerical & administrative workers 1299 17.8
    Sales 811 11.1
    Others 1682 23.0
    Occupation
    Census Count Percent(%)
    Pre-school 201 6.5
    Infants/Primary 941 30.5
    Secondary 896 29.0
    Technical or Further Educational Institution 294 9.5
    University or other Tertiary Institutions 648 21.0
    Others 109 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 12139 92.4
    Semi-detached, row or terrace house, townhouse 703 5.4
    Caravan, cabin, houseboat 185 1.4
    Flat, unit or apartment 92 0.7
    House or flat attached to a shop, office 18 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1943 41.2
    Being purchased 1841 39.1
    Rented 810 17.2
    Other tenure type 119 2.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals