Wollert, 3750 ranked 330th in VIC when comparing growth in median property values or capital gain over the last 12 months. Wollert is one of 2099 in our list for VIC
A 45.66% growth in median value for property investors in Wollert,3750 puts this suburb at number 401th in terms of best performing suburbs in VIC
Property buyers and investors in Wollert 3750 should be seeing an average reduction in asking price of around -7.23% . This means that Wollert is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Wollert have been waiting around 88.9733 days to sell a property.
With the median price for a house in Wollert being $580000 and the advertised rent reaching $414 the gross rental yield for property investors calculates out to be 3.71%
If we look at median property appreciation over just the last three months, Wollert has given property investors a paper return of 1.31%. This puts Suburb as 117 on a list of fastest fasting appreciating suburbs in VIC
Residents and property investors in Wollert have been waiting around 122.545 days to sell a property.
With the median price for a house in Wollert being $387500 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.70%
Information supplied by:
Strong growth maintains high prices
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.