Suburb Profile Report for Lake Wendouree VIC (3350)

Lake Wendouree House: Median price $665,000, Annual capital growth 6.48%, Number of sales 56, Weekly median advertised rent $320

Lake Wendouree Unit: Median price $389,000, Annual capital growth 6.14%, Number of sales 12, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Lake Wendouree, 3350 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.21%.

The five-year average increase in median property values for Lake Wendouree,3350 has given property investors a potential capital gain of 6.40% across each of those five years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.80% offered to property buyers. Sellers in Lake Wendouree itself are offering an average vendor discount of -7.69% to real estate investors.

Advertised rents are around the $320 mark per week – giving a return of 2.50% based on the median price in Suburb

Property investors who have had real estate in Lake Wendouree, 3350 should be 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 27.54%

Taking the average capital gain, or increase in median house value, Lake Wendouree,3350 has racked up an average of 27.54% over the period. This ranks it number 262th in the whole country for real estate investors looking at median house price increases.

Lake Wendouree, 3350’s gross rental yield is 3.74%

Metrics i HOUSE UNIT
$665,000 $389,000
-1.12% 12.27%
-2.21% 27.54%
6.48% 6.14%
$320 $280
56 12
2.50% 3.74%
79.9 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 2883
Median household income ($/weekly) 1385
Median age of persons 47
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 312 10.8
    35-44 years 308 10.7
    45-54 years 415 14.4
    55-64 years 416 14.4
    65-74 years 265 9.2
    Others 1168 40.5
    Age Group
    Census Count Percent(%)
    Registered Married 1066 52.8
    Not Married 823 40.8
    Defacto Relationship 130 6.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2441 89.1
    Indonesia 30 1.1
    Papua New Guinea 31 1.1
    United Kingdom 82 3.0
    Other 52 1.9
    Others 103 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 14 0.5
    Christianity 1970 74.6
    Hinduism 17 0.6
    Islam 10 0.4
    No Religion 622 23.5
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 102 10.4
    $600-$799 89 9.1
    $1,500-$1,999 112 11.4
    $2,000-$2,499 83 8.5
    $2,500-$2,999 92 9.4
    Others 504 51.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 957 41.6
    Employed, worked full-time 761 33.1
    Employed, worked part-time 423 18.4
    Employed, away from work 96 4.2
    Unemployed, looking for work 63 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 220 17.2
    Professionals 448 35.0
    Technicians & trades workers 143 11.2
    Clerical & administrative workers 166 13.0
    Sales 104 8.1
    Others 200 15.6
    Occupation
    Census Count Percent(%)
    Pre-school 43 6.7
    Infants/Primary 200 31.3
    Secondary 201 31.5
    Technical or Further Educational Institution 50 7.8
    University or other Tertiary Institutions 127 19.9
    Others 18 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2164 85.5
    Semi-detached, row or terrace house, townhouse 186 7.3
    Flat, unit or apartment 173 6.8
    House or flat attached to a shop, office 8 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 507 47.5
    Rented 307 28.8
    Being purchased 248 23.2
    Other tenure type 5 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals