Suburb Profile Report for Wandana Heights VIC (3216)

Wandana Heights House: Median price $620,000, Annual capital growth 4.66%, Number of sales 31, Weekly median advertised rent $550

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

Source: CoreLogic

  • House Report

Investment property in Wandana Heights has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.44%

Taking the average capital gain, or increase in median house value, Wandana Heights,3216 has racked up an average of 6.44% over the period. This ranks it number 2345th in the whole country for real estate investors looking at median house price increases.

Wandana Heights, 3216 is offering VIC ‘s 299th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.

Using the current median advertised rental of $550 and the average annual increase in value of a median property of 4.66%, investors should hope to achieve an overall return of 4.61%

Metrics i HOUSE UNIT
$620,000 N/A
5.53% N/A
6.44% N/A
4.66% N/A
$550 N/A
31 N/A
4.61% N/A
57.3 N/A

Source: CoreLogic

DSR Score for property investment : 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