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Wendouree

POSTAL CODE: VIC, 3355
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WENDOUREE ranks 271st in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 13.95% for the past year is higher than average compared to its 34.25% growth within a five-year period.

Also in WENDOUREE, the median home price is sitting at $490,000, and the average rent at $400, this suggests property owners could potentially earn a 4.24% increase in gross rental yield.

Property investors have seen a 3.48% gain in WENDOUREE based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on WENDOUREE, 3355 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 13.95%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 7.6% growth over a ten-year period. It ranks 1531st on our list of suburbs that property investors should look into.

Surburb overview

Wendouree is a northern suburb of Ballarat in central Victoria, located within the City of Ballarat local government area.

The suburb sits approximately 5 kilometres north-west of Ballarat’s central business district and about 115 kilometres north-west of Melbourne by road and rail.

It is positioned near the Western Freeway, supporting direct road access to Melbourne and regional Victoria.

At the 2021 Census, Wendouree recorded a population of around 10,000 residents, making it one of Ballarat’s larger suburbs.

The demographic profile includes a mix of families, retirees and working-age residents, with a combination of owner-occupied and rental housing.

Dwellings range from post-war brick veneer homes and public housing estates to more recent residential developments.

Wendouree functions as a significant retail and service hub for northern Ballarat.

Stockland Wendouree Shopping Centre provides major supermarkets, specialty retail and medical services, while the surrounding commercial areas include automotive and light industrial businesses.

The suburb is also home to several schools, including primary and secondary schools, and is close to Ballarat Grammar.

Public transport infrastructure includes Wendouree railway station on the Ballarat line, offering regular V/Line services to Melbourne’s Southern Cross Station.

Local bus routes connect Wendouree to Ballarat’s central business district and neighbouring suburbs.

Recreational amenities are centred around Lake Wendouree, which borders the suburb and provides walking and cycling paths, playgrounds and rowing facilities.

Additional sporting grounds, community facilities and access to open space contribute to Wendouree’s role as an established residential and commercial precinct within Ballarat.

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