Suburb Profile Report for Whittlesea VIC (3757)

Whittlesea House: Median price $443,500, Annual capital growth 4.13%, Number of sales 76, Weekly median advertised rent $350

Whittlesea Unit: Median price $295,000, Annual capital growth 3.74%, Number of sales 22, Weekly median advertised rent $295

  • 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 Whittlesea, 3757 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.88%.

The five-year average increase in median property values for Whittlesea,3757 has given property investors a potential capital gain of 18.58% across each of those five years.

At number 458th of VIC’s most discounted properties, Whittlesea is in the TOP 30% of the state/territory when listing in order of most discounted to least.

In the last year 76 properties changed hands in Whittlesea, which puts it as the 326th most active market in VIC when comparing the number of sales per suburb.

Whittlesea, 3757’s gross rental yield is 4.10%

Whittlesea has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 5.17% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Whittlesea comes in at number 265th in VIC.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.14% offered to property buyers. Sellers in Whittlesea itself are offering an average vendor discount of -2.94% to real estate investors.

Residents and property investors in Whittlesea have been waiting around 35.8 days to sell a property.

HOUSE UNIT
$443,500 $295,000
2.78% 1.72%
10.88% 5.17%
4.13% 3.74%
$350 $295
76 22
4.10% 5.20%
74.41 35.8

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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