Over the last year, property investments in Werribee, 3030 have given investors a capital gain of 14.38%. This compares favourably with the 7.88% for VIC as a whole.
While Werribee,3030 ranked number 282th in VIC for increase in median house value (annualised) increase, it is ranked 170th over the last 5 years.
At number 286th of VIC’s most discounted properties, Werribee is in the middle of the state/territory when listing in order of most discounted to least.
With the median price for a house in Werribee being $505000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.60%
Werribee, 3030 ranked 87th in VIC when comparing growth in median property values or capital gain over the last 12 months. Werribee is one of 2098 in our list for VIC
Over the longer term, Werribee has seen property prices show investors a 31.22% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Werribee, 3030. Typically our figures indicate that -5.42% is being offered, which puts this VIC suburb at 696th most discounted overall in Australia.
A $310 per week rent on the median house gives suburb investors a gross yield of circa 4.46%, without taking into account capital value appreciation, which has been averaging out at 5.80%.
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 farFull summary
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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.Close