Wattle Glen

POSTAL CODE: VIC, 3096

HOUSE

Based on its average 5-year and quarterly capital gains WATTLE GLEN, 3096 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that WATTLE GLEN, 3096 obtained a 5.89% growth over a ten-year period. It ranks 2768th on our list of suburbs that property investors should look into.

WATTLE GLEN, 3096 in VIC belongs to the local government area of Nillumbik.

WATTLE GLEN, 3096 has a capital gain of -9% for the past year, which is lower than average compared to its 10.48% growth within a five-year period.

With the median home price in WATTLE GLEN sitting at $980,500, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.

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

Surburb overview

Wattle Glen is a suburb located approximately 25 kilometres north-east of Melbourne's Central Business District, within the Shire of Nillumbik.

According to the 2021 census, Wattle Glen has a population of 1,911. The suburb predominantly comprises family households, with an average of three people per household. The median age of residents is 42 years, indicating a mature community.

The Wattle Glen railway station facilitates public transportation in the area. It provides access to Melbourne's broader transit network, which supports commuting to the city and neighbouring suburbs.

Essential establishments in Wattle Glen include the local general store, which serves as a community hub. The suburb also has a primary school, Wattle Glen Primary School, catering to the educational needs of young children.

Facilities such as the Wattle Glen Tennis Club and the local Cricket Club support recreational activities. These clubs offer residents opportunities for sports and community engagement. The suburb's natural environment provides a tranquil setting for outdoor pursuits.

Wattle Glen's blend of rural charm and suburban amenities contributes to its unique character within Melbourne's northern suburbs.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$980,500	N/A
Growth Report
Median Quarterly	-0.46%	N/A
Median 12 month	-9%	N/A
Median 3 years	3.21%	N/A
Median 5 years	10.48%	N/A
10 years average annual	5.89%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	40.5 days	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 1961

Weekly Household Income 1927

Household Size 3.10

Average Age 42

Monthly Loan Repayment 1738

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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