Property value increases in Wantirna South have tracked close to the VIC average of 0.13% over the last 12 months.
Comparing Wantirna South,3152 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wantirna South, 3152. Typically our figures indicate that -5.92% is being offered, which puts this VIC suburb at 3214th most discounted overall in Australia.
A $397.5 per week rent on the median house gives suburb investors a gross yield of circa 3.86%, without taking into account capital value appreciation, which has been averaging out at 6.75%.
Selling points: Wantirna South’s proximity to all amenities and services provides an exceptional lifestyle for a large diverse group of families. With four three Primary Schools, The Knox School, Waverley & St Andrews Christian College, an abundance of parklands and easy access to local shops and Westfield Knox Shopping Centre; life is easy going in this leafy suburb.
Most sought-after properties: Four to five bedroom family homes on approx. 800sqm of land are the most sought after in quiet cul-de-sacs of The Knox College Estate situated in the heart of Wantirna South. If you are lucky enough to buy one of these properties then you will be surrounding yourself in a picturesque neighbourhood that you will never want to leave.
Most common properties: 1980 to 1990 brick veneer 4 to 5 bedroom homes are the most sought after properties in Wantirna South. We have seen over the past 5 years a number of new homes being built in Wantirna South and with the addition of the new Harcrest Estate by Mirvac on Stud Rd there is a huge range of designs and sizes to select from.
Top amenities: Knox Westfield Shopping Centre provides many attractions including restaurants, cinemas & over 200 designer shops. Well regarded local schools include The Knox School, Waverley Christian College the St Andrews Christian College to service all of your children’s education needs. Plenty of open parklands for all enjoy, local sporting clubs and easy access to the Eastlink to commute to the CBD
Local industry and business: Many residents commute to Melbourne’s CBD. Local traders include shop owners and staff at the High Street Rd Shops and Westfield Knox Shopping Centre, ranging from cafes to boutique shops including many hospitality employees.
Recent changes: Westfield Knox Shopping Centre has had some significant upgrades over the past five years. The City of Knox has always held a vision to improve local infrastructure; most recently the Knox Regional Sports Centre in Wantirna South provides an amazing outdoor sports facility for sports lovers of all ages. In 2010 the St Andrews Christian College was opened in Tyner Rd Wantirna South which has built a well-regarded name in the local community.
Best streets: Freemantle Drive, Wantirna South is arguably the best regarded street with quiet leafy courts branching off offering large prestigious property ranging from $800,000 - $1,300,000. The most sought after area in Wantirna South is known as the Knox College Estate due to its proximity to The Knox School, Waverley Christian College and its family neighbourhood feel. We can’t look past some other hidden gems like Renou Road, Wakley Crescent, and the Cathies Lane prescient.
Public transport: There are a number of buses along Burwood Highway, Stud & High Street Road, not to mention the central bus hub at Westfield Knox which has direct links to Mitcham, Glen Waverley train stations.
Main arteries: The main roads that service the Wantirna South area are Burwood Highway, Stud and High Street Road. In June 2007 travel time was definitely cut short with the opening of Eastlink if you were heading to the beach of CBD.