Suburb Profile Report for Wendouree VIC (3355)

Wendouree House: Median price $323,500, Annual capital growth 5.50%, Number of sales 218, Weekly median advertised rent $300

Wendouree Unit: Median price $250,000, Annual capital growth 5.11%, Number of sales 15, Weekly median advertised rent $205

  • 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

With a capital gain of 11.66% for the last 12 months, Wendouree, 3355 has performed for property investments than its average annual 5.50% property growth over the last 5 years.

Wendouree,3355 has offered an average of 11.66% return per annum in house price rises to property investors over the last three years.

Sellers are offering property buyers an average discount of -4.31% to buyers in Wendouree at the moment, which is less than average for the rest of VIC.

Often selling an investment property can take time, and in Wendouree the average time real estate has been on the market is 39.6526 days.

Wendouree, 3355’s gross rental yield is 4.82%

Property value increases in Wendouree have tracked higher than the VIC average of 0.68% over the last 12 months.

The five-year average increase in median property values for Wendouree,3355 has given property investors a potential capital gain of 12.36% across each of those five years.

Property investors looking for a bargain in Wendouree should be aiming for at least -2.97% off the asking price, which is the average vendor discount being achieved at the moment.

Wendouree is 160th on a list of best yielding suburbs for rents in VIC with a 4.26% return

Metrics i HOUSE UNIT
$323,500 $250,000
-1.97% 0.00%
11.66% 35.14%
5.50% 5.11%
$300 $205
218 15
4.82% 4.26%
39.6526315789474 31.2380952380952

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 : Very good (H), Good (U)
Find a mortgage broker in Wendouree VIC
Demographics
Total population 10597
Median household income ($/weekly) 731
Median age of persons 41
Median housing loan repayment ($/monthly) 1100
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 1199 11.3
    35-44 years 1219 11.5
    45-54 years 1185 11.2
    55-64 years 1205 11.4
    65-74 years 1172 11.1
    Others 4617 43.6
    Age Group
    Census Count Percent(%)
    Not Married 3896 51.1
    Registered Married 3029 39.7
    Defacto Relationship 697 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 9150 91.9
    Indonesia 47 0.5
    New Zealand 81 0.8
    United Kingdom 280 2.8
    Other 88 0.9
    Others 310 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 48 0.5
    Christianity 6435 68.3
    Hinduism 37 0.4
    Other Religious Groups 43 0.5
    No Religion 2833 30.1
    Others 29 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 542 13.8
    $400-$599 711 18.1
    $600-$799 624 15.9
    $800-$999 440 11.2
    $1,000-$1,249 396 10.1
    Others 1216 30.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4088 50.7
    Employed, worked full-time 2100 26.1
    Employed, worked part-time 1254 15.6
    Unemployed, looking for work 346 4.3
    Employed, away from work 271 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 464 12.8
    Technicians & trades workers 609 16.8
    Clerical & administrative workers 476 13.1
    Sales 402 11.1
    Labourers 617 17.0
    Others 1058 29.2
    Occupation
    Census Count Percent(%)
    Pre-school 175 8.3
    Infants/Primary 733 34.7
    Secondary 710 33.6
    Technical or Further Educational Institution 173 8.2
    University or other Tertiary Institutions 230 10.9
    Others 93 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8794 91.2
    Flat, unit or apartment 437 4.5
    Semi-detached, row or terrace house, townhouse 405 4.2
    House or flat attached to a shop, office 4 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1595 38.0
    Rented 1593 38.0
    Being purchased 983 23.4
    Other tenure type 21 0.5
    Tenure Type
Census 2011, ABS
Chart Table