With a capital gain of 17.86% for the last 12 months, Werribee, 3030 has performed for property investments than its average annual 8.39% property growth over the last 5 years.
The five-year average increase in median property values for Werribee,3030 has given property investors a potential capital gain of 69.23% across each of those five years.
Our latest figures would indicate that property sellers in Werribee are currently offering property investors an average price cut of -5.82% below the asking price at the moment.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.
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
Across a shorter period, Werribee, 3030 has seen a median price increase of 4.29% over the last quarter.
Property buyers and investors in Werribee 3030 should be seeing an average reduction in asking price of around -3.78% . This means that Werribee is holding prices well when compared to other suburbs in VIC.
The VIC suburb of Werribee, 3030 is in the Wyndham local government area.
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