Suburb Profile Report for Whittlesea VIC (3757)

Whittlesea House: Median price $440,000, Annual capital growth 4.31%, Number of sales 74, Weekly median advertised rent $350

Whittlesea Unit: Median price $291,500, Annual capital growth 4.77%, Number of sales 24, Weekly median advertised rent $275

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

Source: CoreLogic

  • House Report
  • Unit Report

Whittlesea, 3757 ranked 73th in VIC when comparing growth in median property values or capital gain over the last 12 months. Whittlesea is one of 2098 in our list for VIC

Whittlesea,3757 was ranked 355 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -4.48% to buyers in Whittlesea at the moment, which is less than average for the rest of VIC.

Often selling an investment property can take time, and in Whittlesea the average time real estate has been on the market is 77.18 days.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 4.31%, investors should hope to achieve an overall return of 4.14%

Property investors who have had real estate in Whittlesea, 3757 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.56%

Over the longer term, Whittlesea has seen property prices show investors a 5.05% return over the last 3 years. This is an improvement over the last 12 months

Property buyers and investors in Whittlesea 3757 should be seeing an average reduction in asking price of around -4.22% . This means that Whittlesea is holding prices well when compared to other suburbs in VIC.

In the last year 24 properties changed hands in Whittlesea, which puts it as the 278th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $3300 per annum or $275 every week.

HOUSE UNIT
$440,000 $291,500
6.02% 0.52%
17.18% 7.56%
4.31% 4.77%
$350 $275
74 24
4.14% 4.91%
77.18 75.31

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4825
Median household income ($/weekly) 1212
Median age of persons 37
Median housing loan repayment ($/monthly) 1800
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 754 15.6
    25-34 years 527 10.9
    35-44 years 763 15.8
    45-54 years 567 11.8
    55-64 years 517 10.7
    Others 1696 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 1697 50.9
    Not Married 1273 38.2
    Defacto Relationship 362 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4120 88.5
    Japan 43 0.9
    Papua New Guinea 46 1.0
    United Kingdom 214 4.6
    Other 40 0.9
    Others 190 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 30 0.7
    Christianity 3205 71.7
    Judaism 9 0.2
    Other Religious Groups 29 0.6
    No Religion 1182 26.4
    Others 16 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 138 9.3
    $800-$999 135 9.1
    $1,000-$1,249 158 10.7
    $1,500-$1,999 214 14.5
    $2,000-$2,499 160 10.8
    Others 672 45.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1401 39.9
    Not in the labour force 1216 34.6
    Employed, worked part-time 657 18.7
    Employed, away from work 157 4.5
    Unemployed, looking for work 82 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 216 9.7
    Professionals 276 12.4
    Technicians & trades workers 503 22.7
    Community & personal service workers 232 10.5
    Clerical & administrative workers 378 17.0
    Others 613 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 90 7.9
    Infants/Primary 474 41.5
    Secondary 331 29.0
    Technical or Further Educational Institution 107 9.4
    University or other Tertiary Institutions 97 8.5
    Others 43 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4185 93.3
    Semi-detached, row or terrace house, townhouse 238 5.3
    Flat, unit or apartment 49 1.1
    Caravan, cabin, houseboat 3 0.1
    House or flat attached to a shop, office 8 0.2
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 772 48.2
    Fully owned 523 32.6
    Rented 307 19.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals