Suburb Profile Report for Whittlesea VIC (3757)

Whittlesea House: Median price $462,000, Annual capital growth 4.90%, Number of sales 93, Weekly median advertised rent $360

Whittlesea Unit: Median price $292,000, Annual capital growth 3.66%, Number of sales 16, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Whittlesea has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.52%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Whittlesea has increased when compared to the 5 year average annual rate.

Property buyers and investors in Whittlesea 3757 should be seeing an average reduction in asking price of around -5.65% . This means that Whittlesea is holding prices well when compared to other suburbs in VIC.

Whittlesea, 3757’s gross rental yield is 4.05%

With a capital gain of -0.68% for the last 12 months, Whittlesea, 3757 has performed for property investments than its average annual 3.66% property growth over the last 5 years.

While Whittlesea,3757 ranked number 310th in VIC for increase in median house value (annualised) increase, it is ranked 211th over the last 5 years.

Whittlesea, 3757’s gross rental yield is 5.08%

Metrics i HOUSE UNIT
$462,000 $292,000
0.98% -1.52%
4.52% -0.68%
4.90% 3.66%
$360 $285
93 16
4.05% 5.08%
14.36 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 4825
Median household income ($/weekly) 1212
Median age of persons 37
Median housing loan repayment ($/monthly) 1800
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 754 15.6
    25-34 years 527 10.9
    35-44 years 763 15.8
    45-54 years 567 11.8
    55-64 years 517 10.7
    Others 1696 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 1697 50.9
    Not Married 1273 38.2
    Defacto Relationship 362 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 4120 88.5
    Japan 43 0.9
    Papua New Guinea 46 1.0
    United Kingdom 214 4.6
    Other 40 0.9
    Others 190 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 30 0.7
    Christianity 3205 71.7
    Judaism 9 0.2
    Other Religious Groups 29 0.6
    No Religion 1182 26.4
    Others 16 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 138 9.3
    $800-$999 135 9.1
    $1,000-$1,249 158 10.7
    $1,500-$1,999 214 14.5
    $2,000-$2,499 160 10.8
    Others 672 45.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1401 39.9
    Not in the labour force 1216 34.6
    Employed, worked part-time 657 18.7
    Employed, away from work 157 4.5
    Unemployed, looking for work 82 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 216 9.7
    Professionals 276 12.4
    Technicians & trades workers 503 22.7
    Community & personal service workers 232 10.5
    Clerical & administrative workers 378 17.0
    Others 613 27.6
    Occupation
    Census Count Percent(%)
    Pre-school 90 7.9
    Infants/Primary 474 41.5
    Secondary 331 29.0
    Technical or Further Educational Institution 107 9.4
    University or other Tertiary Institutions 97 8.5
    Others 43 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4185 93.3
    Semi-detached, row or terrace house, townhouse 238 5.3
    Flat, unit or apartment 49 1.1
    Caravan, cabin, houseboat 3 0.1
    House or flat attached to a shop, office 8 0.2
    Others 3 0.1
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 772 48.2
    Fully owned 523 32.6
    Rented 307 19.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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