Suburb Profile Report for Lake Wendouree VIC (3350)

Lake Wendouree House: Median price $765,000, Annual capital growth 9.63%, Number of sales 45, Weekly median advertised rent $370

Lake Wendouree Unit: Median price $410,000, Annual capital growth 5.38%, Number of sales 14, Weekly median advertised rent $320

  • 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.

  • House Report
  • Unit Report

VIC has seen average median house prices change by -1.79% which means that Lake Wendouree, 3350 has not done well for property investors by showing a capital gain of 21.43% over the last year

Comparing Lake Wendouree,3350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Lake Wendouree are currently offering property investors an average price cut of -6.10% below the asking price at the moment.

On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.

With the median price for a house in Lake Wendouree being $765000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 2.52%

Investment property in Lake Wendouree has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.48%

Taking the average capital gain, or increase in median house value, Lake Wendouree,3350 has racked up an average of 12.48% over the period. This ranks it number 51th in the whole country for real estate investors looking at median house price increases.

At number 987 in a list of fastest selling suburbs, Lake Wendouree is in the bottom 30% of suburbs in Australia with an average of days on market 96.5455 for properties listed there.

Metrics i HOUSE UNIT
$765,000 $410,000
5.96% -10.36%
21.43% 12.48%
9.63% 5.38%
$370 $320
45 14
2.52% 4.06%
76.6 96.5454545454546

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), Good (U)
Find a mortgage broker in Lake Wendouree VIC
Demographics
Total population 2883
Median household income ($/weekly) 1385
Median age of persons 47
Median housing loan repayment ($/monthly) 1733
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 312 10.8
    35-44 years 308 10.7
    45-54 years 415 14.4
    55-64 years 416 14.4
    65-74 years 265 9.2
    Others 1168 40.5
    Age Group
    Census Count Percent(%)
    Registered Married 1066 52.8
    Not Married 823 40.8
    Defacto Relationship 130 6.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2441 89.1
    Indonesia 30 1.1
    Papua New Guinea 31 1.1
    United Kingdom 82 3.0
    Other 52 1.9
    Others 103 3.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 14 0.5
    Christianity 1970 74.6
    Hinduism 17 0.6
    Islam 10 0.4
    No Religion 622 23.5
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 102 10.4
    $600-$799 89 9.1
    $1,500-$1,999 112 11.4
    $2,000-$2,499 83 8.5
    $2,500-$2,999 92 9.4
    Others 504 51.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 957 41.6
    Employed, worked full-time 761 33.1
    Employed, worked part-time 423 18.4
    Employed, away from work 96 4.2
    Unemployed, looking for work 63 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 220 17.2
    Professionals 448 35.0
    Technicians & trades workers 143 11.2
    Clerical & administrative workers 166 13.0
    Sales 104 8.1
    Others 200 15.6
    Occupation
    Census Count Percent(%)
    Pre-school 43 6.7
    Infants/Primary 200 31.3
    Secondary 201 31.5
    Technical or Further Educational Institution 50 7.8
    University or other Tertiary Institutions 127 19.9
    Others 18 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2164 85.5
    Semi-detached, row or terrace house, townhouse 186 7.3
    Flat, unit or apartment 173 6.8
    House or flat attached to a shop, office 8 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 507 47.5
    Rented 307 28.8
    Being purchased 248 23.2
    Other tenure type 5 0.5
    Tenure Type
Census 2011, ABS
Chart Table