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Wimbledon Heights, VIC 3922

Home » VIC Real Estate Data » Bass Coast Shire, VIC » Wimbledon Heights, VIC 3922

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Wimbledon Heights, VIC 3922 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Wimbledon Heights, VIC 3922”

  1. The total adult population (15 years or older) of Wimbledon Heights 3922 VIC is 343, with a median age of 45. Of those, 49.56% are married, 14.29% are divorced or separated, 35.28% are single and 3.79% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,100. The median monthly mortgage repayment for households in this suburb is $1,400 which is 22.95% of their earnings.

    Source: ABS Census Data (2021)

  2. Homes in the picturesque suburb of Wimbledon Heights in Victoria have seen significant growth, emerging as a considerable investment prospect. Based on Q3 of 2023 statistics, this close-knit community comprising approximately 365 households has shown strong indications of a flourishing real estate market.

    As per the figures, the typical prices for houses in Wimbledon Heights 3922 are standing at a robust $628,258. This figure collaborates well with median weekly rent for houses at $450, presenting an indicative yield of 3.71%. The yield, crossing the standard attractivity threshold of 3%, signals promising cashflow-driven investment opportunities.

    The IRSAD score, a primary indicator of the socio-economic status, is depicted at 932 out of a potential 1217. This score suggests a reasonably comfortable economic environment in the area, represented by access to ample resources and a population of potentially skilled professions.

    The renter to owner ratio in the suburb sits low at 16%, where lower ratios are viewed as desirable. Such figures imply a market less saturated by rental properties, reducing competition amongst property investors which in turn promises better term returns.

    Interestingly, the ratio of units to houses in Wimbledon Heights is a perfect zero, indicating no units to compete with houses. This shortfall of units augments the attraction for families, likely fostering a greater tenancy period.

    From an affordability perspective, the index for houses is slightly high at 42 years, indicating somewhat stiff property prices. However, a low stock on market Percentage of just 0.27% and an inventory level of a mere 2.0 months for houses indicate positive signals of low supply. This scarcity could propel property prices further, leading to capital gains for existing property owners.

    Although the building approvals Ratio for houses clocks in at an absolute zero, the ‘Days on Market’ for houses is a moderate 64 days, indicating a favourable balance of demand and supply.

    The vacancy rate, a key indicator of demand, sits comfortably at 1.67%, which suggests ongoing tenant demand. Nevertheless, the buy search index is on the lower side at 3. However, with favourable supply metrics and promising yield, investing in Wimbledon Heights 3922 could be a noteworthy consideration for property investors.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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