Wollert

POSTAL CODE: VIC, 3750

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 2.47% capital gain.

Property investors in WOLLERT enjoyed capital gains of 2.92% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $705,000.

Profits due to an upward trend in home prices there averaged 0.82% per annum over a 3-year period.

Home owners selling their properties and realtors in WOLLERT usually have to wait an average of 73 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $575 mark, reflecting a 4.24% increase in returns based on the current median price in WOLLERT.

WOLLERT, 3750 places 474th in Australia based on median property value growth during the quarter.

Property investors in WOLLERT enjoyed capital gains of 13.76% over the last 12 months translating to lower returns compared with its peers in the territory.

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

WOLLERT posted a 23% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $500 mark, reflecting a 5.28% increase in returns based on the current median price in WOLLERT.

WOLLERT, 3750 ranks 38th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

WOLLERT ranks 59th on the list of best yielding suburbs for rental properties in VIC, posting a 5.28% return.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$705,000	$492,000
Growth Report
Median Quarterly	0.71%	2.5%
Median 12 month	2.92%	13.76%
Median 3 years	2.47%	23%
Median 5 years	22.93%	19.42%
10 years average annual	5.69%	2.79%
Weekly media advert. rent	$575	$500
Time on Market	73 days	66.4 days
Gross Rental Yield Percent	4.24%	5.28%

Demographics (Median Values)*

Total Population 9060

Weekly Household Income 1612

Household Size 3.20

Average Age 30

Monthly Loan Repayment 2000

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

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type