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Lake Wendouree

Suburb Profile

Lake Wendouree - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3350

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Homeowners and real estate investors betting on LAKE WENDOUREE, 3350 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 30.47%.

A steady increase in median property prices over a five-year period in the suburb translates to a 23.37% capital gain.

Property investors in LAKE WENDOUREE enjoyed capital gains of 30.47% 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 $850,000.

Profits due to an upward trend in home prices there averaged 7.79% per annum over a 3-year period.

Home owners selling their properties and realtors in LAKE WENDOUREE usually have to wait an average of 70.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $380 mark, reflecting a 2.32% increase in returns based on the current median price in LAKE WENDOUREE.

LAKE WENDOUREE, 3350 places 276th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $850,000 $461,500
GROWTH REPORT
Median Quarterly 2.1% -7.7%
Median 12 month 30.47% 12.56%
Median 3 years 23.37% 48.15%
Median 5 years 30.77% 21.45%
10 years average annual 9.47% 6.22%
Weekly media advert. rent $380 $320
Time on Market 70.8 days 110.5 days
Gross Rental Yield Percent 2.32% 3.61%
demographics (median values)
Total Population
2723
Weekly Household Income
1080
Household Size
2.30
demographics
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