Werribee, 3030 ranked 474th in VIC when comparing growth in median property values or capital gain over the last 12 months. Werribee is one of 2099 in our list for VIC
When looking at the potential capital gains offered to property investors over the last 3 years, Werribee comes in at number 252th in VIC.
At number 242th of VIC’s most discounted properties, Werribee is in the middle of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $18720 per annum or $360 every week.
Property investors who have had real estate in Werribee, 3030 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.66%
Werribee,3030 has offered an average of 0.66% return per annum in house price rises to property investors over the last three years.
Werribee, 3030 is offering VIC ‘s 67th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.
Werribee, 3030’s gross rental yield is 4.31%
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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.