Suburb Profile Report for Lake Wendouree VIC (3350)

Lake Wendouree House: Median price $850,000, Annual capital growth 9.47%, Number of sales 45, Weekly median advertised rent $380

Lake Wendouree Unit: Median price $461,500, Annual capital growth 6.22%, Number of sales 20, Weekly median advertised rent $320

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

At number 82th in the list of Australian suburbs ordered by increase in median house value over the last year, Lake Wendouree, 3350 is in the top 10% with a property value increase of 30.47% recorded in median house prices.

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

LACK OF BUYER INTEREST may well be the reason that Lake Wendouree is offering property investors an average of -6.51. This rate of discount on properties puts Suburb at number 207th in terms of most discounted suburbs in VIC

Situated 103.26km from the CBD, Lake Wendouree is one of Ballarat (C) localities in the postcode 3350.

Property value increases in Lake Wendouree have tracked just higher than the VIC average of 6.11% over the last 12 months.

Across a shorter period, Lake Wendouree, 3350 has seen a median price increase of -7.70% over the last quarter.

At number 1209 in a list of fastest selling suburbs, Lake Wendouree is in the bottom 20% of suburbs in Australia with an average of days on market 110.5 for properties listed there.

Lake Wendouree, 3350’s gross rental yield is 3.61%

Metrics i HOUSE UNIT
$850,000 $461,500
2.10% -7.70%
30.47% 12.56%
9.47% 6.22%
$380 $320
45 20
2.32% 3.61%
70.8285714285714 110.5

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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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
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