Giving property investors a an average capital gain of 16.88% for the last year, Werribee, 3030 is the 2019th highest performer in Australia in this respect.
Werribee,3030 has offered an average of 16.88% return per annum in house price rises to property investors over the last three years.
The most recent median price for Werribee is $560000, with sellers offering an average of 0.00% off the asking price.
On average over the past year, suburb has had 74.08 sales per month, which equates to 889 per year.
Property investors should expect to get $720 weekly from the median priced house in this suburb.
Werribee is in the TOP 10% in VIC when comparing median price capital growth over the last year. Werribee gave property investors a very good capital gain figure when compared to the rest of the state, with 40.00%.
Over the longer term, Werribee has seen property prices show investors a 38.46% return over the last 3 years. This is an improvement over the last 12 months
The most recent median price for Werribee is $400000, with sellers offering an average of -3.38% off the asking price.
Situated 28.45km from the CBD, Werribee is one of Wyndham (C) localities in the postcode 3030.
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Commuter suburb sees housing supply fall
Median house price: $457,000
Stock on market: -39.1%
12-month growth: 22.2%
The suburb of Werribee is about halfway between the cities of Melbourne and Geelong, and is regarded as a commuter town. The suburb has been experiencing significant growth since 2016, and shows no sign of dropping off thus far.
In the past 12 months leading up to January 2018, however, housing stock fell considerably from nearly 500 the previous year to just 290, despite Werribee being the most populated suburb in the City of Wyndham. This should serve to spur demand even more in the near future.
Werribee is known as a tourist destination, being the site of Werribee Park and the Werribee Open Range Zoo. The suburb is served by the Werribee Mercy Hospital and the Wyndham Private Medical Centre.