Suburb Profile Report for Whittlesea VIC (3757)

Whittlesea House: Median price $446,000, Annual capital growth 4.18%, Number of sales 75, Weekly median advertised rent $350

Whittlesea Unit: Median price $295,000, Annual capital growth 4.03%, Number of sales 23, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

Whittlesea, 3757 ranked 227th 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 has offered an average of 11.50% return per annum in house price rises to property investors over the last three years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Whittlesea itself are offering an average vendor discount of -4.08% to real estate investors.

On average over the past year, suburb has had 6.25 sales per month, which equates to 75 per year.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

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 4.98%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Whittlesea has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Whittlesea are currently offering property investors an average price cut of -3.55% below the asking price at the moment.

At number 104 in a list of fastest selling suburbs, Whittlesea is in the TOP 10% of suburbs in Australia with an average of days on market 40.52 for properties listed there.

Whittlesea is 116th on a list of best yielding suburbs for rents in VIC with a 4.76% return

HOUSE UNIT
$446,000 $295,000
2.53% 1.72%
11.50% 4.98%
4.18% 4.03%
$350 $270
75 23
4.08% 4.76%
74.17 40.52

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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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