Suburb Profile Report for Wollert VIC (3750)

Wollert House: Median price $574,000, Annual capital growth 3.09%, Number of sales 231, Weekly median advertised rent $415

Wollert Unit: Median price $399,000, Annual capital growth 0.98%, Number of sales 14, Weekly median advertised rent $360

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

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

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VIC has seen average median house prices change by 4.41% which means that Wollert, 3750 has done well for property investors by showing a capital gain of -1.03% over the last year

Comparing Wollert,3750 ‘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 Wollert is offering property investors an average of -6.34. This rate of discount on properties puts Suburb at number 277th in terms of most discounted suburbs in VIC

Renters in Suburb are facing rents around $21580 per annum or $415 every week.

Giving property investors a a stable capital gain of 4.31% for the last year, Wollert, 3750 is the 545th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Wollert has given property investors a paper return of -0.13%. This puts Suburb as 285 on a list of fastest fasting appreciating suburbs in VIC

Information supplied by:


April 2019

M
O

W
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Strong growth maintains high prices

Postcode: 3750

Median house price: $600,000

Three-year growth: 46.3%

Rental yield: 3.5%

Named for a Woiwurrung word that translates to “where possums abound,” the suburb of Wollert came into existence in the 1830s.

It began as a community of sheep raisers, which ventured into the dairy industry until the 1960s. Today, Wollert focuses on small-scale grazing, in addition to quarrying and brickmaking. In fact, Wollert is the home of a Brickworks Limited plant, the biggest brickmaker in Australia.

The suburb is 27km from Melbourne, and 6km north of the larger suburb of Epping, which offers amenities like shopping centres, a hospital and schools. This advantageous location could be the reason for its higher median house price, and could be sustaining the 13% growth this market enjoyed over the 12 months to February 2019. Houses also have been selling reasonably well, being on the market for only 53 days on average.

Metrics i HOUSE UNIT
$574,000 $399,000
1.77% -0.13%
-1.03% 4.31%
3.09% 0.98%
$415 $360
231 14
3.76% 4.69%
90.1593625498008 86.4615384615385

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

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 509
Median household income ($/weekly) 1375
Median age of persons 37
Median housing loan repayment ($/monthly) 2400
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 48 9.4
    25-34 years 99 19.4
    35-44 years 61 12.0
    45-54 years 74 14.5
    55-64 years 68 13.3
    Others 160 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 249 60.3
    Not Married 125 30.3
    Defacto Relationship 39 9.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 331 67.0
    Germany 18 3.6
    Indonesia 15 3.0
    Japan 34 6.9
    Other 14 2.8
    Others 82 16.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 4 0.8
    Christianity 377 78.1
    Hinduism 6 1.2
    Islam 48 9.9
    No Religion 44 9.1
    Others 4 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 16 9.9
    $1,000-$1,249 21 13.0
    $1,250-$1,499 19 11.8
    $1,500-$1,999 19 11.8
    $2,000-$2,499 25 15.5
    Others 61 37.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 196 46.6
    Not in the labour force 138 32.8
    Employed, worked part-time 58 13.8
    Employed, away from work 19 4.5
    Unemployed, looking for work 10 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 58 21.1
    Professionals 35 12.7
    Technicians & trades workers 35 12.7
    Clerical & administrative workers 51 18.5
    Machinery operators & drivers 30 10.9
    Others 66 24.0
    Occupation
    Census Count Percent(%)
    Pre-school 6 7.6
    Infants/Primary 28 35.4
    Secondary 16 20.3
    Technical or Further Educational Institution 9 11.4
    University or other Tertiary Institutions 14 17.7
    Others 6 7.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 509 100.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    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(%)
    Being purchased 83 47.7
    Fully owned 63 36.2
    Rented 25 14.4
    Other tenure type 3 1.7
    Tenure Type
Census 2011, ABS
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