Suburb Profile Report for Wedderburn VIC (3518)

Wedderburn House: Median price $137,500, Annual capital growth -7.28%, Number of sales 18, Weekly median advertised rent N/A

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

Over the last year, property investments in Wedderburn, 3518 have given investors a capital gain of -22.75%. This compares very badly with the 4.75% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Wedderburn,3518 has racked up an average of -22.75% over the period. This ranks it number 1781th in the whole country for real estate investors looking at median house price increases.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wedderburn, 3518. Typically our figures indicate that -9.01% is being offered, which puts this VIC suburb at 995th most discounted overall in Australia.

Residents and property investors in Wedderburn have been waiting around 92.75 days to sell a property.

With the median price for a house in Wedderburn being $129000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 10.88%

Metrics i HOUSE UNIT
$137,500 N/A
4.17% N/A
-9.24% N/A
-7.28% N/A
N/A N/A
18 N/A
N/A N/A
159.4 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 979
Median household income ($/weekly) 547
Median age of persons 52
Median housing loan repayment ($/monthly) 650
Average household size 2
  • Census Count Percent(%)
    5-14 years 124 12.7
    35-44 years 100 10.2
    45-54 years 154 15.7
    55-64 years 162 16.5
    65-74 years 166 17.0
    Others 273 27.9
    Age Group
    Census Count Percent(%)
    Not Married 352 48.6
    Registered Married 313 43.2
    Defacto Relationship 60 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 791 88.9
    New Zealand 9 1.0
    Papua New Guinea 12 1.3
    United Kingdom 37 4.2
    Other 10 1.1
    Others 31 3.5
    Country of Birth
    Census Count Percent(%)
    Christianity 606 70.5
    No Religion 251 29.2
    Buddhism 3 0.3
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 25 6.3
    $300-$399 83 20.8
    $400-$599 85 21.3
    $600-$799 66 16.5
    $800-$999 48 12.0
    Others 93 23.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 455 61.1
    Employed, worked full-time 140 18.8
    Employed, worked part-time 108 14.5
    Unemployed, looking for work 24 3.2
    Employed, away from work 18 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 45 17.2
    Community & personal service workers 30 11.5
    Clerical & administrative workers 32 12.2
    Sales 31 11.8
    Labourers 34 13.0
    Others 90 34.4
    Occupation
    Census Count Percent(%)
    Pre-school 16 9.4
    Infants/Primary 72 42.4
    Secondary 63 37.1
    Technical or Further Educational Institution 9 5.3
    University or other Tertiary Institutions 7 4.1
    Others 3 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 848 94.9
    Caravan, cabin, houseboat 24 2.7
    Flat, unit or apartment 17 1.9
    House or flat attached to a shop, office 5 0.6
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 253 60.5
    Being purchased 92 22.0
    Rented 70 16.7
    Other tenure type 3 0.7
    Tenure Type
Census 2011, ABS
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