At number 478th in the list of Australian suburbs ordered by increase in median house value over the last year, Werribee, 3030 is in the top 20% with a property value increase of 15.87% recorded in median house prices.
Comparing Werribee,3030 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.19% offered to property buyers. Sellers in Werribee itself are offering an average vendor discount of -5.63% to real estate investors.
Often selling an investment property can take time, and in Werribee the average time real estate has been on the market is 46.25 days.
Renters in Suburb are facing rents around $17680 per annum or $340 every week.
Werribee, 3030 ranked 124th 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
Werribee,3030 has offered an average of 11.90% return per annum in house price rises to property investors over the last three years.
Werribee, 3030 is offering VIC ‘s 203th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
A $310 per week rent on the median house gives suburb investors a gross yield of circa 4.57%, without taking into account capital value appreciation, which has been averaging out at 5.68%.
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March 2018
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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
Commuter suburb sees housing supply fall
Postcode: 3030
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.
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