Suburb Profile Report for Wesburn VIC (3799)

Wesburn House: Median price $450,000, Annual capital growth 1.41%, Number of sales 13, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report

Giving property investors a a stable capital gain of 9.76% for the last year, Wesburn, 3799 is the 1166th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Wesburn has given property investors a paper return of -1.32%. This puts Suburb as 573 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Wesburn should be aiming for at least -4.27% off the asking price, which is the average vendor discount being achieved at the moment.

Metrics i HOUSE UNIT
$450,000 N/A
-1.32% N/A
9.76% N/A
1.41% N/A
N/A N/A
13 N/A
N/A N/A
43.76 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 1178
Median household income ($/weekly) 1031
Median age of persons 40
Median housing loan repayment ($/monthly) 1517
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 187 15.9
    15-19 years 108 9.2
    35-44 years 165 14.0
    45-54 years 178 15.1
    55-64 years 197 16.7
    Others 343 29.1
    Age Group
    Census Count Percent(%)
    Registered Married 430 50.6
    Not Married 331 39.0
    Defacto Relationship 88 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 976 87.9
    New Zealand 10 0.9
    Papua New Guinea 15 1.4
    United Kingdom 63 5.7
    Other 12 1.1
    Others 34 3.1
    Country of Birth
    Census Count Percent(%)
    Christianity 541 52.7
    No Religion 453 44.1
    Buddhism 16 1.6
    Other Religious Groups 11 1.1
    Islam 6 0.6
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 39 11.4
    $800-$999 36 10.5
    $1,000-$1,249 41 12.0
    $1,250-$1,499 39 11.4
    $1,500-$1,999 44 12.8
    Others 144 42.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 319 36.4
    Not in the labour force 295 33.6
    Employed, worked part-time 192 21.9
    Employed, away from work 40 4.6
    Unemployed, looking for work 31 3.5
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 113 20.6
    Community & personal service workers 65 11.8
    Clerical & administrative workers 62 11.3
    Machinery operators & drivers 60 10.9
    Labourers 78 14.2
    Others 171 31.1
    Occupation
    Census Count Percent(%)
    Pre-school 11 3.8
    Infants/Primary 123 42.3
    Secondary 97 33.3
    Technical or Further Educational Institution 35 12.0
    University or other Tertiary Institutions 15 5.2
    Others 10 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1050 94.9
    Caravan, cabin, houseboat 38 3.4
    Improvised home, tent, sleepers out 10 0.9
    Flat, unit or apartment 8 0.7
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 190 48.8
    Fully owned 147 37.8
    Rented 47 12.1
    Other tenure type 5 1.3
    Tenure Type
Census 2011, ABS
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