Suburb Profile Report for Winchelsea VIC (3241)

Winchelsea House: Median price $385,000, Annual capital growth 7.43%, Number of sales 40, Weekly median advertised rent $305

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

Winchelsea has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 22.22% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Winchelsea comes in at number 122th in VIC.

At number 506th of VIC’s most discounted properties, Winchelsea is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Winchelsea the average time real estate has been on the market is 55.6 days.

The VIC suburb of Winchelsea, 3241 is in the Surf Coast local government area.

Information supplied by:


April 2018

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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 2018Full summary

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.

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Metrics i HOUSE UNIT
$385,000 N/A
1.32% N/A
22.22% N/A
7.43% N/A
$305 N/A
40 N/A
4.12% N/A
55.6 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (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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Recent sales & rentals