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Whitehorse City, VIC

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The City of Whitehorse is a local government area in the eastern suburbs of Melbourne, Victoria. The local real estate market is most favourable for sellers, who are able to demand a higher price for their property and are more likely to find a buyer quickly. First home buyers and investors are the most active purchasers in the market, which is expected to remain stable over the next decade.

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The economy of the LGA is based on a mix of agriculture, forestry, tourism, and manufacturing. The city is also a regional service centre for the area, with a range of health, educational, and retail services available.

Professionals (31.8 %), Managers (13.9 %), Clerical and Administrative Workers (13.9 %), Technicians and Trades Workers (10.2 %), and Sales Workers (9.8 %) are the most prevalent professions in Whitehorse. The typical weekly personal income for Whitehorse residents aged 15 years and older is $619.

In Whitehorse, 67.9 % of occupied private residences are single-family homes, 23.8 % are semi-detached, row or terrace houses, townhouses, etc., 7.9 % are flats or apartments, and 0.1 % are other dwellings.

If you’re looking to invest in the Whitehorse City property market, there are a few things you should keep in mind.

First, it’s important to do your research and understand the market conditions. As with any investment, it’s important to have a solid understanding of what you’re buying into.

Second, make sure you’re comfortable with the risks involved. Property investment can be a very lucrative venture, but it also comes with its share of risks. Make sure you’re aware of these risks and are comfortable with them before investing.

Finally, be realistic about your expectations. Property investment can be a great way to grow your wealth, but it’s not a guaranteed success. Don’t expect to get rich overnight – be patient and let your investments grow over time.

Use the interactive dashboard below to compare suburbs in Whitehorse City in terms of property investment potential.

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Suburb Heatmap Analysis

Property Market Snapshot

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

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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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Yield 

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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
No Price Data
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No Rent Data
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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.

Have a question? You can either leave a comment below or post it on our forum.

Property Market in Whitehorse City, VIC

What other property markets are there near Whitehorse City, VIC?

Whitehorse City is surrounded by 5 other council areas – Maroondah, Boroondara, Knox, Manningham, Monash.

How many people live in Whitehorse City, VIC?

There are approximately 162000 people living in roughly 66000 dwellings in total, with an average household size of 2.6.

What are current and planned infrastructure projects in Whitehorse City, VIC?

Notable infrastructure projects include Whitehorse Centre Redevelopment, Morack Public Golf Course Redevelopment, Sportlink Redevelopment, Asset Management, Capital Works Program.

What major retailers are there in Whitehorse City, VIC?

The main retail centres are Brand Smart, Box Hill Central, Whitehorse Farmers Market, Forest Hill Chase Shopping Centre.

What is the main industry in Whitehorse City, VIC?

Such sectors as Health Care and Social Assistance, Professional, Scientific and Technical Services, Education and Training, Retail Trade, Accommodation and Food Services, Construction, Manufacturing make up the largest part of the employment.

What are the dominant demographic groups in Whitehorse City, VIC?

Among approximately 162000 people in Whitehorse city males and females make roughly 48% and 52% respectively. The median age of people is 38 years. Children aged 0-14 years account for approximately 17% of the population, and those aged 65+ years account for 18%.

How is unemployment rate trending in Whitehorse City, VIC?

Among approximately 80000 people employed, roughly 55% work full-time, 34% work part-time, and an estimated 7% are unemployed.

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