Suburb Profile Report for Whittlesea VIC (3757)

Whittlesea House: Median price $452,000, Annual capital growth 4.60%, Number of sales 87, Weekly median advertised rent $365

Whittlesea Unit: Median price $294,000, Annual capital growth 3.49%, 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

At number 1634th in the list of Australian suburbs ordered by increase in median house value over the last year, Whittlesea, 3757 is in the top 40% with a property value increase of 8.92% recorded in median house prices.

Over the longer term, Whittlesea has seen property prices show investors a 18.95% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Whittlesea should be aiming for at least -3.67% off the asking price, which is the average vendor discount being achieved at the moment.

The VIC suburb of Whittlesea, 3757 is in the Whittlesea local government area.

Investment property in Whittlesea has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.38%

Across a shorter period, Whittlesea, 3757 has seen a median price increase of -0.34% over the last quarter.

Whittlesea, 3757 is offering VIC ‘s 233th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

With the median price for a house in Whittlesea being $294000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 4.78%

Metrics i HOUSE UNIT
$452,000 $294,000
-0.11% -0.34%
8.92% 1.38%
4.60% 3.49%
$365 $270
87 20
4.20% 4.78%
45.33 58.41

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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Recent sales & rentals