VIC has seen average median house prices change by 4.75% which means that Werribee, 3030 has done well for property investors by showing a capital gain of 10.11% over the last year
Over the longer term, Werribee has seen property prices show investors a 54.15% return over the last 3 years. This is worse than over the last 12 months
Werribee, 3030 is offering VIC ‘s 191th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
Residents and property investors in Werribee have been waiting around 51.26 days to sell a property.
With the median price for a house in Werribee being $501000 and the advertised rent reaching $355 the gross rental yield for property investors calculates out to be 3.68%
Property investors who have had real estate in Werribee, 3030 should be pleased 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 11.57%
If we look at median property appreciation over just the last three months, Werribee has given property investors a paper return of 2.40%. This puts Suburb as 72 on a list of fastest fasting appreciating suburbs in VIC
At number 276th of VIC’s most discounted properties, Werribee is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Werribee is 132th on a list of best yielding suburbs for rents in VIC with a 4.31% return
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
Information supplied by:
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