Suburb Profile Report for Wendouree VIC (3355)

Wendouree House: Median price $249,000, Annual capital growth 3.10%, Number of sales 222, Weekly median advertised rent $260

Wendouree Unit: Median price $251,225, Annual capital growth 6.32%, Number of sales 33, Weekly median advertised rent $210

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 1.22% for the last 12 months, Wendouree, 3355 has performed for property investments than its average annual 3.10% property growth over the last 5 years.

Wendouree,3355 was ranked 1992 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Wendouree is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 204th in terms of most discounted suburbs in VIC

Residents and property investors in Wendouree have been waiting around 74.03 days to sell a property.

Property investors should expect to get $260 weekly from the median priced house in this suburb.

Giving property investors a a stable capital gain of 6.45% for the last year, Wendouree, 3355 is the 587th highest performer in Australia in this respect.

The five-year average increase in median property values for Wendouree,3355 has given property investors a potential capital gain of 17.12% across each of those five years.

Property buyers and investors in Wendouree 3355 should be seeing an average reduction in asking price of around -4.09% . This means that Wendouree is holding prices well when compared to other suburbs in VIC.

Wendouree, 3355’s gross rental yield is 4.35%

Metrics i HOUSE UNIT
$249,000 $251,225
1.63% 3.04%
1.22% 6.45%
3.10% 6.32%
$260 $210
222 33
5.43% 4.35%
74.03 56.69

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 10597
Median household income ($/weekly) 731
Median age of persons 41
Median housing loan repayment ($/monthly) 1100
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1199 11.3
    35-44 years 1219 11.5
    45-54 years 1185 11.2
    55-64 years 1205 11.4
    65-74 years 1172 11.1
    Others 4617 43.6
    Age Group
    Census Count Percent(%)
    Not Married 3896 51.1
    Registered Married 3029 39.7
    Defacto Relationship 697 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 9150 91.9
    Indonesia 47 0.5
    New Zealand 81 0.8
    United Kingdom 280 2.8
    Other 88 0.9
    Others 310 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 48 0.5
    Christianity 6435 68.3
    Hinduism 37 0.4
    Other Religious Groups 43 0.5
    No Religion 2833 30.1
    Others 29 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 542 13.8
    $400-$599 711 18.1
    $600-$799 624 15.9
    $800-$999 440 11.2
    $1,000-$1,249 396 10.1
    Others 1216 30.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4088 50.7
    Employed, worked full-time 2100 26.1
    Employed, worked part-time 1254 15.6
    Unemployed, looking for work 346 4.3
    Employed, away from work 271 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 464 12.8
    Technicians & trades workers 609 16.8
    Clerical & administrative workers 476 13.1
    Sales 402 11.1
    Labourers 617 17.0
    Others 1058 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 175 8.3
    Infants/Primary 733 34.7
    Secondary 710 33.6
    Technical or Further Educational Institution 173 8.2
    University or other Tertiary Institutions 230 10.9
    Others 93 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8794 91.2
    Flat, unit or apartment 437 4.5
    Semi-detached, row or terrace house, townhouse 405 4.2
    House or flat attached to a shop, office 4 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1595 38.0
    Rented 1593 38.0
    Being purchased 983 23.4
    Other tenure type 21 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals