Suburb Profile Report for Wheelers Hill VIC (3150)

Wheelers Hill House: Median price $1,182,000, Annual capital growth 7.74%, Number of sales 198, Weekly median advertised rent $500

Wheelers Hill Unit: Median price $980,000, Annual capital growth 11.30%, Number of sales 10, Weekly median advertised rent $435

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

Investment property in Wheelers Hill has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.54%

Taking the average capital gain, or increase in median house value, Wheelers Hill,3150 has racked up an average of 5.54% over the period. This ranks it number 1269th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Wheelers Hill 3150 should be seeing an average reduction in asking price of around -6.58% . This means that Wheelers Hill is holding prices well when compared to other suburbs in VIC.

Renters in Suburb are facing rents around $26000 per annum or $500 every week.

Property investors who have had real estate in Wheelers Hill, 3150 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 30.67%

Over the longer term, Wheelers Hill has seen property prices show investors a 62.79% return over the last 3 years. This is worse than over the last 12 months

The VIC suburb of Wheelers Hill, 3150 is in the Monash local government area.

Metrics i HOUSE UNIT
$1,182,000 $980,000
0.00% 15.98%
5.54% 30.67%
7.74% 11.30%
$500 $435
198 10
2.20% 2.31%
86.3 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 19104
Median household income ($/weekly) 1567
Median age of persons 44
Median housing loan repayment ($/monthly) 2000
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 2112 11.1
    35-44 years 2346 12.3
    45-54 years 2690 14.1
    55-64 years 3041 15.9
    65-74 years 2241 11.7
    Others 6675 34.9
    Age Group
    Census Count Percent(%)
    Registered Married 9240 60.9
    Not Married 5461 36.0
    Defacto Relationship 481 3.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 10576 57.0
    Croatia 959 5.2
    Malta 695 3.7
    United Kingdom 782 4.2
    Other 1036 5.6
    Others 4493 24.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 1069 6.0
    Christianity 12055 67.2
    Hinduism 608 3.4
    Islam 298 1.7
    No Religion 3658 20.4
    Others 241 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 516 8.9
    $600-$799 449 7.8
    $1,500-$1,999 699 12.1
    $2,000-$2,499 585 10.1
    $2,500-$2,999 619 10.7
    Others 2899 50.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 6029 38.2
    Employed, worked full-time 5685 36.0
    Employed, worked part-time 3116 19.8
    Employed, away from work 524 3.3
    Unemployed, looking for work 417 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 1386 14.9
    Professionals 2635 28.3
    Technicians & trades workers 1042 11.2
    Clerical & administrative workers 1572 16.9
    Sales 1001 10.7
    Others 1690 18.1
    Occupation
    Census Count Percent(%)
    Pre-school 257 5.6
    Infants/Primary 1394 30.4
    Secondary 1347 29.4
    Technical or Further Educational Institution 325 7.1
    University or other Tertiary Institutions 1155 25.2
    Others 106 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 17625 96.6
    Flat, unit or apartment 406 2.2
    Semi-detached, row or terrace house, townhouse 213 1.2
    House or flat attached to a shop, office 6 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 3368 52.6
    Being purchased 2081 32.5
    Rented 742 11.6
    Other tenure type 213 3.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals