Suburb Profile Report for Wendouree VIC (3355)

Wendouree House: Median price $244,000, Annual capital growth 3.07%, Number of sales 220, Weekly median advertised rent $260

Wendouree Unit: Median price $237,500, Annual capital growth 5.83%, Number of sales 31, Weekly median advertised rent $195

  • 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 Wendouree, 3355 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 -0.41%.

Taking the average capital gain, or increase in median house value, Wendouree,3355 has racked up an average of -0.41% over the period. This ranks it number 3223th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Wendouree should be aiming for at least -5.79% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $3120 per annum or $260 every week.

Giving property investors a a solid capital gain of 13.64% for the last year, Wendouree, 3355 is the 227th highest performer in Australia in this respect.

LACK OF BUYER INTEREST may well be the reason that Wendouree is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 200th in terms of most discounted suburbs in VIC

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

Wendouree is 172th on a list of best yielding suburbs for rents in VIC with a 4.27% return

HOUSE UNIT
$244,000 $237,500
-0.41% N/A
-0.41% 13.64%
3.07% 5.83%
$260 $195
220 31
5.54% 4.27%
84.53 80.44

Source: CoreLogic

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