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Werribee

Suburb Profile

Werribee - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3030

house
unit

WERRIBEE, 3030 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Investors saw the median home price rise to $495,000.

Profits due to an upward trend in home prices in the suburb averaged 13.15% per annum over a 3-year period.

WERRIBEE now ranks at the 520th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in WERRIBEE are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $365 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In WERRIBEE, homes and units usually stay on listing for an average of 62.0 days.

In 2016, 563 properties were sold in WERRIBEE during the past year, making it the 165th most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $495,000 $380,000
GROWTH REPORT
Median Quarterly 0% 1.33%
Median 12 month -0.9% 2.7%
Median 3 years 39.44% 31.03%
Median 5 years 59.68% 49.02%
10 years average annual 7.07% 5.61%
Weekly media advert. rent $365 $320
Time on Market 62.0 days 57.4 days
Gross Rental Yield Percent 3.83% 4.38%
demographics (median values)
Total Population
36636
Weekly Household Income
1003
Household Size
2.70
demographics
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