Suburb Profile Report for Wandana Heights VIC (3216)

Wandana Heights House: Median price $605,000, Annual capital growth 4.53%, Number of sales 34, Weekly median advertised rent $530

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

Source: CoreLogic

  • House Report

VIC has seen average median house prices change by 8.06% which means that Wandana Heights, 3216 has done well for property investors by showing a capital gain of 2.54% over the last year

The five-year average increase in median property values for Wandana Heights,3216 has given property investors a potential capital gain of 2.11% across each of those five years.

Wandana Heights3216 is located in VIC which offers an average discount of -6.03% to property investors. Wandana Heights itself is showing figures that indicate -6.22% is the average achievable by property buyers investing in the suburb.

Using the current median advertised rental of $530 and the average annual increase in value of a median property of 4.53%, investors should hope to achieve an overall return of 4.56%

HOUSE UNIT
$605,000 N/A
-2.42% N/A
2.54% N/A
4.53% N/A
$530 N/A
34 N/A
4.56% N/A
84.35 N/A

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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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