Suburb Profile Report for Wandin North VIC (3139)

Wandin North House: Median price $660,000, Annual capital growth 8.37%, Number of sales 33, Weekly median advertised rent $400

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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If you compare the increase in value of investment property in Wandin North, 3139 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.75%.

Over the longer term, Wandin North has seen property prices show investors a 34.69% return over the last 3 years. This is worse than over the last 12 months

At number 473th of VIC’s most discounted properties, Wandin North is in the TOP 20% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Wandin North the average time real estate has been on the market is 59.1111 days.

Information supplied by:


December 2017

M
O

W
E

Shopping hub thrives

Postcode: 3139

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.

Metrics i HOUSE UNIT
$660,000 N/A
-0.98% N/A
-0.75% N/A
8.37% N/A
$400 N/A
33 N/A
3.15% N/A
59.1111111111111 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Below average (U)
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Demographics
Total population 2911
Median household income ($/weekly) 1206
Median age of persons 36
Median housing loan repayment ($/monthly) 1600
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 442 15.2
    25-34 years 332 11.4
    35-44 years 418 14.4
    45-54 years 423 14.5
    55-64 years 316 10.9
    Others 980 33.7
    Age Group
    Census Count Percent(%)
    Registered Married 1160 55.1
    Not Married 737 35.0
    Defacto Relationship 207 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2397 85.6
    Japan 44 1.6
    New Zealand 44 1.6
    Papua New Guinea 29 1.0
    United Kingdom 183 6.5
    Others 104 3.7
    Country of Birth
    Census Count Percent(%)
    Christianity 1729 65.5
    No Religion 875 33.1
    Buddhism 24 0.9
    Islam 6 0.2
    Other Religious Groups 6 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 86 9.9
    $600-$799 82 9.5
    $1,000-$1,249 95 11.0
    $1,250-$1,499 85 9.8
    $1,500-$1,999 140 16.2
    Others 377 43.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 916 42.0
    Not in the labour force 680 31.2
    Employed, worked part-time 474 21.8
    Employed, away from work 75 3.4
    Unemployed, looking for work 34 1.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 195 13.3
    Professionals 170 11.6
    Technicians & trades workers 322 22.0
    Clerical & administrative workers 200 13.7
    Labourers 170 11.6
    Others 406 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 63 8.5
    Infants/Primary 287 38.7
    Secondary 227 30.6
    Technical or Further Educational Institution 77 10.4
    University or other Tertiary Institutions 60 8.1
    Others 28 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2783 99.7
    Semi-detached, row or terrace house, townhouse 4 0.1
    Flat, unit or apartment 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 500 52.2
    Fully owned 336 35.1
    Rented 114 11.9
    Other tenure type 8 0.8
    Tenure Type
Census 2011, ABS
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