Suburb Profile Report for Whittlesea VIC (3757)

Whittlesea House: Median price $450,000, Annual capital growth 4.26%, Number of sales 76, Weekly median advertised rent $360

Whittlesea Unit: Median price $294,000, Annual capital growth 4.22%, Number of sales 20, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.96% which means that Whittlesea, 3757 has done well for property investors by showing a capital gain of 13.21% over the last year

Comparing Whittlesea,3757 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -3.83% to buyers in Whittlesea at the moment, which is less than average for the rest of VIC.

Situated 36.45km from the CBD, Whittlesea is one of Whittlesea localities in the postcode 3757.

Whittlesea has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.38% to date .

Taking the average capital gain, or increase in median house value, Whittlesea,3757 has racked up an average of 1.38% over the period. This ranks it number 1295th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Whittlesea 3757 should be seeing an average reduction in asking price of around -3.60% . This means that Whittlesea is holding prices well when compared to other suburbs in VIC.

A $270 per week rent on the median house gives suburb investors a gross yield of circa 4.78%, without taking into account capital value appreciation, which has been averaging out at 4.22%.

Metrics i HOUSE UNIT
$450,000 $294,000
0.90% -0.34%
13.21% 1.38%
4.26% 4.22%
$360 $270
76 20
4.16% 4.78%
59 50.77

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (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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