Suburb Profile Report for Wollert VIC (3750)

Wollert House: Median price $580,000, Annual capital growth 3.67%, Number of sales 181, Weekly median advertised rent $414

Wollert Unit: Median price $387,500, Annual capital growth 4.29%, Number of sales 14, Weekly median advertised rent $350

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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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:


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
$580,000 $387,500
-1.36% 1.31%
-1.44% N/A
3.67% 4.29%
$414 $350
181 14
3.71% 4.70%
88.9732620320856 122.545454545455

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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