Suburb Profile Report for Werribee South VIC (3030)

Werribee South House: Median price $740,000, Annual capital growth 7.89%, Number of sales 23, Weekly median advertised rent $400

Werribee South Unit: Median price $435,000, Annual capital growth -5.35%, Number of sales 28, Weekly median advertised rent $335

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

Investment property in Werribee South has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.85%

Taking the average capital gain, or increase in median house value, Werribee South,3030 has racked up an average of 13.85% over the period. This ranks it number 1248th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Werribee South 3030 should be seeing an average reduction in asking price of around -7.22% . This means that Werribee South is holding prices well when compared to other suburbs in VIC.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 7.89%, investors should hope to achieve an overall return of 2.81%

Property investors who have had real estate in Werribee South, 3030 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.45%

While Werribee South,3030 ranked number 255th in VIC for increase in median house value (annualised) increase, it is ranked 342th over the last 5 years.

The VIC suburb of Werribee South, 3030 is in the Wyndham local government area.

Metrics i HOUSE UNIT
$740,000 $435,000
4.96% -1.69%
13.85% -7.45%
7.89% -5.35%
$400 $335
23 28
2.81% 4.00%
136.62 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1618
Median household income ($/weekly) 1127
Median age of persons 45
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 179 11.1
    35-44 years 217 13.4
    45-54 years 257 15.9
    55-64 years 280 17.3
    65-74 years 173 10.7
    Others 512 31.6
    Age Group
    Census Count Percent(%)
    Registered Married 695 55.7
    Not Married 471 37.7
    Defacto Relationship 82 6.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1162 77.4
    Hong Kong 68 4.5
    Japan 77 5.1
    Papua New Guinea 26 1.7
    United Kingdom 69 4.6
    Others 100 6.7
    Country of Birth
    Census Count Percent(%)
    Christianity 1215 82.4
    No Religion 237 16.1
    Islam 17 1.2
    Buddhism 6 0.4
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 57 11.1
    $600-$799 54 10.5
    $800-$999 51 9.9
    $1,000-$1,249 52 10.1
    $1,500-$1,999 67 13.0
    Others 233 45.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 511 39.6
    Not in the labour force 464 36.0
    Employed, worked part-time 224 17.4
    Employed, away from work 53 4.1
    Unemployed, looking for work 38 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 207 26.3
    Professionals 89 11.3
    Technicians & trades workers 101 12.8
    Clerical & administrative workers 132 16.8
    Sales 72 9.1
    Others 187 23.7
    Occupation
    Census Count Percent(%)
    Pre-school 17 6.3
    Infants/Primary 99 36.4
    Secondary 78 28.7
    Technical or Further Educational Institution 17 6.3
    University or other Tertiary Institutions 45 16.5
    Others 16 5.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1350 89.4
    Caravan, cabin, houseboat 78 5.2
    Flat, unit or apartment 45 3.0
    Semi-detached, row or terrace house, townhouse 37 2.5
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 318 54.9
    Rented 137 23.7
    Being purchased 118 20.4
    Other tenure type 6 1.0
    Tenure Type
Census 2011, ABS
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