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Wandin North, VIC 3139

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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 Wandin North, VIC 3139 located in Melbourne 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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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
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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 “Wandin North, VIC 3139”

  1. The total adult population (15 years or older) of Wandin North 3139 VIC is 2,566, with a median age of 39. Of those, 51.71% are married, 9.78% are divorced or separated, 33.94% are single and 4.17% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,644. The median monthly mortgage repayment for households in this suburb is $1,950 which is 22.56% of their earnings.

    Source: ABS Census Data (2021)

  2. The picturesque suburb of Wandin North (3139) is located in Victoria and is home to an estimated 1,328 households. As we enter the third quarter of 2023, the property market in Wandin North presents an interesting study.

    Houses in Wandin North typically fetch a price of $904,860 and are rented at an average weekly rent of $390. Though this produces an indicative yield of around 2.24%, which is below the attractive market requirement of 3%, the suburb boasts several other features that might appeal to prospective investors.

    The socio-economic score of Wandin North sits at 1007 out of a possible 1217, signaling a favourable socio-economic climate with significant access to economic resources and a population leaning towards skilled professions. With a renter to owner ratio of just 10%, the suburb leans heavily towards homeownership rather than rentals, further augmenting the neighbourhood’s ‘vibe’. This ratio also reduces competition between property investors, potentially making it a prudent call for those looking for longer-term investment options.

    Accompanied by a low units to houses ratio of 2%, Wandin North represents an area dominated by houses which generally attract longer-term tenants, such as families. The affordability Index, however, stands at a slightly concerning 41 years, implying that fully owning a property, based on the traditional 30-year mortgage model, might take longer.

    In terms of supply, Wandin North scores well with a stock on market Percentage of just 0.08% and a reasonably low monthly inventory level at just 0.35 months. Additionally, the building approvals Ratio stands at a negligible 0.0%, indicating limited new dwelling stock influx into the suburb.

    Reflecting high demand, houses on the market here are snapped up swiftly, averaging only 10 days on the market. The combined vacancy rate for houses and units is a mere 0.75%, suggesting limited availability and high occupancy rates, a favourable circumstance for current or prospective landlords.

    The buy search index for houses holds at 3, straddling the border of limited and moderate demand. It further emphasises how crucial it is to consult accurate property market data and understand it in the broader context of market trends.

    Despite some challenges like the below-par indicative yield and high Affordability Index, Wandin North exhibits a strong market foundation with positive demand-supply dynamics and favourable socio-economic conditions. Investors seeking long-term gains might find Wandin North, with its predominance of homeownership and houses, deserving of consideration. Remaining vigilant about ongoing market trends is essential to leveraging the most out of this intriguing suburb.

    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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