AREA REPORTS

Whittlesea

 

 

VIC/
Whittlesea

Suburb Profile

Whittlesea - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3757

house

A 23.67% increase in median property prices in WHITTLESEA, 3757 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 36th.

A steady increase in median property prices over a five-year period in the suburb translates to a 45% capital gain.

It 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 $580,000

The augmented property values in the suburb are trailing above the territorial average of 3.57% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $392.5.

Home owners selling their properties and realtors in WHITTLESEA usually have to wait an average of 45.7 days days before their assets are lifted off the market.

The VIC suburb ranks 277th on the list of best yielding suburbs for rental properties in VIC, posting a 3.52% return.

It also places places 188th 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 $580,000 N/A
GROWTH REPORT
Median Quarterly 1.75% N/A
Median 12 month 23.67% N/A
Median 3 years 45% N/A
Median 5 years 54.67% N/A
10 years average annual 6.33% N/A
Weekly media advert. rent $392.5 N/A
Time on Market 45.7 days N/A
Gross Rental Yield Percent 3.52% N/A
demographics (median values)
Total Population
4561
Weekly Household Income
1074
Household Size
2.80
demographics
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