Suburb Profile Report for Wendouree VIC (3355)

Wendouree House: Median price $245,000, Annual capital growth 2.94%, Number of sales 216, Weekly median advertised rent $260

Wendouree Unit: Median price $232,000, Annual capital growth 4.18%, Number of sales 29, Weekly median advertised rent $198

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of 1.24% for the last year, Wendouree, 3355 is the 2656th highest performer in Australia in this respect.

Across a shorter period, Wendouree, 3355 has seen a median price increase of -1.01% over the last quarter.

Our latest figures would indicate that property sellers in Wendouree are currently offering property investors an average price cut of -5.87% below the asking price at the moment.

With the median price for a house in Wendouree being $245000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 5.52%

Property value increases in Wendouree have tracked lower than the VIC average of 3.63% over the last 12 months.

Wendouree,3355 has offered an average of -3.33% return per annum in house price rises to property investors over the last three years.

Wendouree, 3355 is offering VIC ‘s 192th 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.

At number 1058 in a list of fastest selling suburbs, Wendouree is in the bottom 30% of suburbs in Australia with an average of days on market 93.68 for properties listed there.

Using the current median advertised rental of $197.5 and the average annual increase in value of a median property of 4.18%, investors should hope to achieve an overall return of 4.43%

HOUSE UNIT
$245,000 $232,000
-1.01% 0.43%
1.24% -3.33%
2.94% 4.18%
$260 $198
216 29
5.52% 4.43%
75.32 93.68

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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
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