Suburb Profile Report for Wendouree VIC (3355)

Wendouree House: Median price $241,000, Annual capital growth 2.82%, Number of sales 218, Weekly median advertised rent $260

Wendouree Unit: Median price $240,000, Annual capital growth 5.80%, Number of sales 30, Weekly median advertised rent $200

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Wendouree has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.03%

A 5.25% growth in median value for property investors in Wendouree,3355 puts this suburb at number 602th in terms of best performing suburbs in VIC

Wendouree3355 is located in VIC which offers an average discount of -6.00% to property investors. Wendouree itself is showing figures that indicate -5.97% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Wendouree have been waiting around 80.66 days to sell a property.

Investment property in Wendouree has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.07%

Taking the average capital gain, or increase in median house value, Wendouree,3355 has racked up an average of 17.07% over the period. This ranks it number 914th in the whole country for real estate investors looking at median house price increases.

Wendouree, 3355 is offering VIC ‘s 226th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

Often selling an investment property can take time, and in Wendouree the average time real estate has been on the market is 74.53 days.

Using the current median advertised rental of $200 and the average annual increase in value of a median property of 5.80%, investors should hope to achieve an overall return of 4.33%

HOUSE UNIT
$241,000 $240,000
-1.63% 1.05%
-2.03% 17.07%
2.82% 5.80%
$260 $200
218 30
5.61% 4.33%
80.66 74.53

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
Chart Table
Recent sales & rentals