Property value increases in Werribee South have tracked lower than the VIC average of 9.90% over the last 12 months.
Across a shorter period, Werribee South, 3030 has seen a median price increase of 1.50% over the last quarter.
Our latest figures would indicate that property sellers in Werribee South are currently offering property investors an average price cut of -5.56% below the asking price at the moment.
Advertised rents are around the $395 mark per week – giving a return of 3.04% based on the median price in Suburb
Giving property investors a an unimpressive capital gain of -4.26% for the last year, Werribee South, 3030 is the 1335th highest performer in Australia in this respect.
Over the longer term, Werribee South has seen property prices show investors a -20.85% return over the last 3 years. This is an improvement over the last 12 months
On average over the past year, suburb has had 2.17 sales per month, which equates to 26 per year.
Using the current median advertised rental of $335 and the average annual increase in value of a median property of -3.71%, investors should hope to achieve an overall return of 3.87%