Suburb Profile Report for Whittlesea VIC (3757)

Whittlesea House: Median price $454,000, Annual capital growth 4.63%, Number of sales 94, Weekly median advertised rent $355

Whittlesea Unit: Median price $293,000, Annual capital growth 3.48%, Number of sales 17, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report
  • Unit Report

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 4.85%

While Whittlesea,3757 ranked number 480th in VIC for increase in median house value (annualised) increase, it is ranked 479th over the last 5 years.

LACK OF BUYER INTEREST may well be the reason that Whittlesea is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 347th in terms of most discounted suburbs in VIC

In the last year 94 properties changed hands in Whittlesea, which puts it as the 283th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $355 and the average annual increase in value of a median property of 4.63%, investors should hope to achieve an overall return of 4.07%

VIC has seen average median house prices change by 5.66% which means that Whittlesea, 3757 has done well for property investors by showing a capital gain of 1.03% over the last year

The five-year average increase in median property values for Whittlesea,3757 has given property investors a potential capital gain of 39.52% across each of those five years.

Our latest figures would indicate that property sellers in Whittlesea are currently offering property investors an average price cut of -3.65% below the asking price at the moment.

Residents and property investors in Whittlesea have been waiting around 68.36 days to sell a property.

Using the current median advertised rental of $285 and the average annual increase in value of a median property of 3.48%, investors should hope to achieve an overall return of 5.06%

Metrics i HOUSE UNIT
$454,000 $293,000
0.67% -0.68%
4.85% 1.03%
4.63% 3.48%
$355 $285
94 17
4.07% 5.06%
44.82 68.36

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Whittlesea VIC
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
Chart Table
Recent sales & rentals