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Wheelers Hill
AREA REPORTS

Wheelers Hill

Wheelers Hill - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3150

house
unit

Homeowners and real estate investors betting on WHEELERS HILL, 3150 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 17.61%.

A steady increase in median property prices over a five-year period in the suburb translates to a 25.09% capital gain.

Property investors in WHEELERS HILL enjoyed capital gains of 17.61% over the last 12 months translating to lower returns compared with its peers in the territory.

The 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 $1,376,000.

Profits due to an upward trend in home prices there averaged 8.36% per annum over a 3-year period.

Home owners selling their properties and realtors in WHEELERS HILL usually have to wait an average of 50.0 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $520 mark, reflecting a 1.97% increase in returns based on the current median price in WHEELERS HILL.

WHEELERS HILL, 3150 places 571st in Australia based on median property value growth during the quarter.

Data report can be found below

Wheelers Hill
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,376,000 $997,500
GROWTH REPORT
Median Quarterly 1.93% 15.99%
Median 12 month 17.61% 20.84%
Median 3 years 25.09% N/A
Median 5 years 32.95% 34.8%
10 years average annual 8.21% 14.17%
Weekly media advert. rent $520 $480
Time on Market 50.0 days 0.0 days
Gross Rental Yield Percent 1.97% 2.5%
demographics (median values)*
Total Population
60079
Weekly Household Income
1591
Household Size
2.90
Age
42
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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