Wollert, 3750 ranked 356th 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
While Wollert,3750 ranked number 394th in VIC for increase in median house value (annualised) increase, it is ranked 71th over the last 5 years.
At number 196th of VIC’s most discounted properties, Wollert is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Wollert, 3750’s gross rental yield is 3.77%
Property value increases in Wollert have tracked close to the VIC average of 2.76% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Wollert comes in at number 210th in VIC.
Renters in Suburb are facing rents around $18460 per annum or $355 every week.
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.