Wandin North, 3139 ranked 638th in VIC when comparing growth in median property values or capital gain over the last 12 months. Wandin North is one of 2099 in our list for VIC
When looking at the potential capital gains offered to property investors over the last 3 years, Wandin North comes in at number 178th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Wandin North itself are offering an average vendor discount of -6.04% to real estate investors.
Situated 40.75km from the CBD, Wandin North is one of Yarra Ranges (S) localities in the postcode 3139.
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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.