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North Warrandyte

POSTAL CODE: VIC, 3113
HOUSE

Property investors have seen a 4.44% gain in NORTH WARRANDYTE based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on NORTH WARRANDYTE, 3113 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 10.54%.

Based on its average 5-year and quarterly capital gains NORTH WARRANDYTE, 3113 saw average growth in the long term.

The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,323,750

Profits averaged 5% per annum over a 3-year period, due to an upward trend in home prices in NORTH WARRANDYTE, 3113.

This means, real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

The gross rental yield in NORTH WARRANDYTE, 3113 is N/A.

An average of 2.17 real estate transactions take place per month in NORTH WARRANDYTE which translates to 26 per annum.

Surburb overview

North Warrandyte is a suburb located approximately 25 kilometres northeast of Melbourne's Central Business District, within the Shire of Nillumbik. According to the 2021 census, it has a population of 3,027 residents.

The suburb is characterised by its hilly terrain and dense native bushland, predominantly featuring various Eucalyptus species. The Yarra River forms its southern boundary, contributing to the area's natural beauty.

Community facilities in North Warrandyte include the North Warrandyte Fire Station (CFA), Stony Creek Cottage, Yarra Warra Preschool, and the North Warrandyte Family Centre. Yarra Plenty Regional Library also operates a mobile library in the area.

Public transportation is limited to bus services, with routes 578 and 579 connecting Eltham and Warrandyte. Due to the absence of train and tram lines, residents primarily rely on private vehicles for commuting.

Recreational opportunities abound, with the suburb's proximity to the Yarra River facilitating activities such as swimming and canoeing. Numerous parks and reserves, including Chase Reserve, Koornong, and the Warrandyte State Park, offer bushwalking and picnic spots.

North Warrandyte's blend of natural landscapes and community amenities makes it a distinctive suburb within Melbourne's northeastern region.

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