Suburb Profile Report for Winchelsea VIC (3241)

Winchelsea House: Median price $390,000, Annual capital growth 6.64%, Number of sales 27, Weekly median advertised rent $360

  • 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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  • House Report

If you compare the increase in value of investment property in Winchelsea, 3241 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.17%.

The five-year average increase in median property values for Winchelsea,3241 has given property investors a potential capital gain of 35.77% across each of those five years.

Property investors looking for a bargain in Winchelsea should be aiming for at least -5.85% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 27 properties changed hands in Winchelsea, which puts it as the 528th most active market in VIC when comparing the number of sales per suburb.

Situated 97.20km from the CBD, Winchelsea is one of Surf Coast (S) localities in the postcode 3241.

Information supplied by:


April 2018

M
O

W
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Growth peaks in historic suburb

Postcode: 3241

Median house price: $341,000

Three-year growth: 17.2%

Rental yield: 4.7%

A stunning escape less than two hours from Melbourne, the suburb of Winchelsea serves a gateway to the Otway Hinterlands and Western District. Growth peaked at almost 30% in the 12 months leading up to January 2018.

House values are low at under $350,000, and coupled with the reasonable average rental return of 4.7%, this market could appeal to investors given the growth potential.

Winchelsea is situated on the banks of the Barwon River, and is rich in history. It boasts an idyllic country lifestyle that attracts tourists. This bustling industry is supported by cafes, pubs and shops. A monthly market showcases local produce, and the suburb is served by the Winchelsea railway station, which is a stop along the Warrnambool line.

Metrics i HOUSE UNIT
$390,000 N/A
0.00% N/A
1.17% N/A
6.64% N/A
$360 N/A
27 N/A
4.80% N/A
47.4074074074074 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 : Above average (H), Balanced (U)
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Demographics
Total population 1955
Median household income ($/weekly) 900
Median age of persons 44
Median housing loan repayment ($/monthly) 1213
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 233 11.9
    25-34 years 213 10.9
    35-44 years 233 11.9
    45-54 years 288 14.7
    55-64 years 276 14.1
    Others 712 36.4
    Age Group
    Census Count Percent(%)
    Registered Married 703 50.6
    Not Married 515 37.1
    Defacto Relationship 170 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1650 89.5
    New Zealand 13 0.7
    Papua New Guinea 27 1.5
    Philippines 12 0.7
    United Kingdom 85 4.6
    Others 56 3.0
    Country of Birth
    Census Count Percent(%)
    Christianity 1201 69.7
    No Religion 493 28.6
    Buddhism 11 0.6
    Other Religious Groups 11 0.6
    Hinduism 8 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 112 17.0
    $600-$799 78 11.8
    $800-$999 77 11.7
    $1,000-$1,249 75 11.4
    $1,500-$1,999 66 10.0
    Others 252 38.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 648 43.4
    Employed, worked full-time 485 32.5
    Employed, worked part-time 255 17.1
    Employed, away from work 61 4.1
    Unemployed, looking for work 44 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 131 16.3
    Professionals 108 13.4
    Technicians & trades workers 120 14.9
    Community & personal service workers 84 10.4
    Labourers 117 14.5
    Others 245 30.4
    Occupation
    Census Count Percent(%)
    Pre-school 28 7.9
    Infants/Primary 132 37.4
    Secondary 131 37.1
    Technical or Further Educational Institution 21 5.9
    University or other Tertiary Institutions 27 7.6
    Others 14 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1717 97.5
    Semi-detached, row or terrace house, townhouse 44 2.5
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 284 40.5
    Being purchased 248 35.3
    Rented 167 23.8
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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