Giving property investors a an unimpressive capital gain of 2.54% for the last year, Werribee, 3030 is the 2885th highest performer in Australia in this respect.
Comparing Werribee,3030 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Werribee3030 is located in VIC which offers an average discount of -4.29% to property investors. Werribee itself is showing figures that indicate -3.97% is the average achievable by property buyers investing in the suburb.
Werribee is in the bottom 40% in VIC when comparing median price capital growth over the last year. Werribee gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.33%.
A 31.03% growth in median value for property investors in Werribee,3030 puts this suburb at number 209th in terms of best performing suburbs in VIC
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 -4.06% is being offered, which puts this VIC suburb at 464th most discounted overall in Australia.
Werribee is 101th on a list of best yielding suburbs for rents in VIC with a 4.38% return
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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.