Wandin North is in the TOP 30% in VIC when comparing median price capital growth over the last year. Wandin North gave property investors a good capital gain figure when compared to the rest of the state, with 11.72%.
Wandin North,3139 was ranked 360 in Australia by increase in median property value over the quarter.
With the median price for a house in Wandin North being $715000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 3.05%
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Shopping hub thrives
Median house price: $600,000
Three-year growth: 44.4%
Rental yield: 3.4%
Houses are in high demand in the suburb of Wandin North, with significant price increases failing to deter buyers.
A contributor could be Wandin North’s bustling shopping district and wealth of attractions. These must-sees include Warratina Lavender Farm, Katandra Gardens, Wild Cattle Creek Winery and fruit orchards. Wandin North Primary School is established here as well.
Thus, residents are flocking to the suburb, which shows in its strong growth. In the September 2017 quarter alone, houses saw a 13% increase in house values – bringing the median price to $600,000. Houses spend an average of just 21 days on the market, and they sell at an average discount rate of just 4.3%. This shows that despite limited returns, investors are seeing dollar signs in Wandin North.