Suburb Profile Report for Woori Yallock VIC (3139)

Woori Yallock House: Median price $490,000, Annual capital growth 6.52%, Number of sales 30, Weekly median advertised rent $370

  • 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.

  • Expert Report
  • House Report

With a capital gain of -5.77% for the last 12 months, Woori Yallock, 3139 has performed for property investments than its average annual 6.52% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Woori Yallock,3139 has racked up an average of -5.77% over the period. This ranks it number 323th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Woori Yallock is $490000, with sellers offering an average of -6.68% off the asking price.

With the median price for a house in Woori Yallock being $490000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.93%

Information supplied by:


September 2018

M
O

W
E

Demand spikes in suburb with great views

Postcode: 3139

Median house price: $510,000

Three-year growth: 54.5%

Rental yield: 3.6%

A small suburb that houses many amenities, Woori Yallock’s popularity is best observed in its considerable and consistent growth since 2013.

The house market boasts a remarkable average annual growth rate of 8.3%, with prices soaring by 22.6% in just the 12 months to June 2018. The median value of houses has passed $500,000 in this period, but despite the price hikes, vendors are able to unload properties quickly at a low average discount rate of 2.2%. Houses spend only 36 days on the market.

Located in the Shire of Yarra Ranges, Woori Yallock offers beautiful views of the valley. It is a great spot for foodies, as it has many cafes, restaurants and wineries. Warburton Trail winds through Woori Yallock, and there is a football oval for sporting activity. A primary school is established here as well.

Metrics i HOUSE UNIT
$490,000 N/A
-3.50% N/A
-5.77% N/A
6.52% N/A
$370 N/A
30 N/A
3.93% N/A
51.7142857142857 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), Balanced (U)
Find a mortgage broker in Woori Yallock VIC
Demographics
Total population 2807
Median household income ($/weekly) 1076
Median age of persons 34
Median housing loan repayment ($/monthly) 1400
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 382 13.6
    25-34 years 407 14.5
    35-44 years 381 13.6
    45-54 years 375 13.4
    55-64 years 327 11.6
    Others 935 33.3
    Age Group
    Census Count Percent(%)
    Registered Married 944 46.3
    Not Married 811 39.8
    Defacto Relationship 284 13.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2348 87.7
    New Zealand 25 0.9
    Papua New Guinea 33 1.2
    United Kingdom 167 6.2
    Other 29 1.1
    Others 76 2.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 20 0.8
    Christianity 1350 55.1
    Hinduism 4 0.2
    Other Religious Groups 15 0.6
    No Religion 1054 43.0
    Others 7 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 113 12.6
    $800-$999 105 11.7
    $1,000-$1,249 112 12.5
    $1,250-$1,499 100 11.2
    $1,500-$1,999 120 13.4
    Others 345 38.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 807 38.5
    Not in the labour force 670 32.0
    Employed, worked part-time 443 21.1
    Employed, away from work 106 5.1
    Unemployed, looking for work 69 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 150 11.1
    Technicians & trades workers 300 22.2
    Community & personal service workers 171 12.6
    Clerical & administrative workers 166 12.3
    Labourers 159 11.8
    Others 407 30.1
    Occupation
    Census Count Percent(%)
    Pre-school 59 8.5
    Infants/Primary 251 36.3
    Secondary 203 29.4
    Technical or Further Educational Institution 95 13.7
    University or other Tertiary Institutions 45 6.5
    Others 38 5.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2570 95.9
    Semi-detached, row or terrace house, townhouse 86 3.2
    Flat, unit or apartment 24 0.9
    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 554 56.6
    Fully owned 281 28.7
    Rented 141 14.4
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
Chart Table