AREA REPORTS

Werribee South

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 7.14% over the last 12 months in WERRIBEE SOUTH, translating to lower returns compared with its peers in VIC.

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

The suburb posted a 12.5% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $380 based on current median home prices for the suburb.

On average, rents on listings have reached the $380 mark, reflecting a 2.93% increase in returns based on the current median price in WERRIBEE SOUTH.

WERRIBEE SOUTH, 3030 ranks 389th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 349th on the list of best yielding suburbs for rental properties in VIC, posting a 2.93% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $675,000 $440,000
GROWTH REPORT
Median Quarterly 2.27% -1.12%
Median 12 month 7.14% -7.37%
Median 3 years 12.5% -22.61%
Median 5 years 43.62% N/A
10 years average annual 6.85% -3.8%
Weekly media advert. rent $380 $335
Time on Market 125.3 days 0.0 days
Gross Rental Yield Percent 2.93% 3.96%
demographics (median values)
Total Population
1644
Weekly Household Income
1062
Household Size
2.60
demographics
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