Suburb Profile Report for Wandana Heights VIC (3216)

Wandana Heights House: Median price $617,500, Annual capital growth 4.69%, Number of sales 33, Weekly median advertised rent $550

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Wandana Heights, 3216 have given investors a capital gain of 5.56%. This compares badly with the 8.96% for VIC as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Wandana Heights comes in at number 496th in VIC.

Vendor discounting in Wandana Heights is giving property investors an average Vendor Discount of around -5.72%. This puts suburb at number 270th in VIC when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $6600 per annum or $550 every week.

Metrics i HOUSE UNIT
$617,500 N/A
4.66% N/A
5.56% N/A
4.69% N/A
$550 N/A
33 N/A
4.63% N/A
59.36 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1958
Median household income ($/weekly) 2003
Median age of persons 40
Median housing loan repayment ($/monthly) 1733
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 287 14.7
    15-19 years 194 9.9
    35-44 years 279 14.2
    45-54 years 377 19.2
    55-64 years 268 13.7
    Others 554 28.3
    Age Group
    Census Count Percent(%)
    Registered Married 916 62.7
    Not Married 471 32.3
    Defacto Relationship 73 5.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1564 83.1
    Papua New Guinea 30 1.6
    South Africa 22 1.2
    United Kingdom 106 5.6
    Other 49 2.6
    Others 110 5.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 14 0.8
    Christianity 1357 74.4
    Islam 18 1.0
    Other Religious Groups 7 0.4
    No Religion 421 23.1
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 58 10.6
    $2,000-$2,499 63 11.5
    $2,500-$2,999 85 15.6
    $3,000-$3,499 67 12.3
    $4,000 or more 40 7.3
    Others 233 42.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 599 39.2
    Employed, worked part-time 422 27.6
    Not in the labour force 397 26.0
    Employed, away from work 65 4.3
    Unemployed, looking for work 45 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 182 16.8
    Professionals 296 27.3
    Technicians & trades workers 129 11.9
    Clerical & administrative workers 149 13.7
    Sales 112 10.3
    Others 217 20.0
    Occupation
    Census Count Percent(%)
    Pre-school 30 5.1
    Infants/Primary 180 30.5
    Secondary 208 35.3
    Technical or Further Educational Institution 45 7.6
    University or other Tertiary Institutions 114 19.3
    Others 13 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1828 98.3
    Flat, unit or apartment 31 1.7
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 290 47.2
    Fully owned 258 42.0
    Rented 67 10.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals