Suburb Profile Report for Wendouree VIC (3355)

Wendouree House: Median price $247,250, Annual capital growth 3.04%, Number of sales 229, Weekly median advertised rent $260

Wendouree Unit: Median price $247,500, Annual capital growth 7.17%, Number of sales 32, Weekly median advertised rent $210

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Wendouree have tracked lower than the VIC average of 8.96% over the last 12 months.

If we look at median property appreciation over just the last three months, Wendouree has given property investors a paper return of 0.92%. This puts Suburb as 470 on a list of fastest fasting appreciating suburbs in VIC

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.87% offered to property buyers. Sellers in Wendouree itself are offering an average vendor discount of -6.34% to real estate investors.

Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.04%, investors should hope to achieve an overall return of 5.47%

Over the last year, property investments in Wendouree, 3355 have given investors a capital gain of 19.57%. This compares very favourably with the 4.26% for VIC as a whole.

A 20.88% growth in median value for property investors in Wendouree,3355 puts this suburb at number 94th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in Wendouree are currently offering property investors an average price cut of -4.17% below the asking price at the moment.

Residents and property investors in Wendouree have been waiting around 69.64 days to sell a property.

Renters in Suburb are facing rents around $2520 per annum or $210 every week.

Metrics i HOUSE UNIT
$247,250 $247,500
0.92% 3.10%
0.51% 19.57%
3.04% 7.17%
$260 $210
229 32
5.47% 4.41%
74.87 69.64

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Wendouree VIC
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