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Wantirna, VIC 3152

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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 Wantirna, VIC 3152 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.

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Rent 

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Yield 

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Buy 

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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 “Wantirna, VIC 3152”

  1. The total adult population (15 years or older) of Wantirna 3152 VIC is 11,597, with a median age of 41. Of those, 57.09% are married, 9.47% are divorced or separated, 27.78% are single and 5.70% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,428. The median monthly mortgage repayment for households in this suburb is $2,167 which is 25.71% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Wantirna 3152 is nestled in the vibrant state of Victoria (VIC), and is home to an estimated 6030 households. As we venture into Q3 of 2023, the typical property prices for houses in Wantirna 3152 are currently standing at $1,085,816 AUD. The median weekly rent here is priced at $528, offering property investors an indicative yield of 2.53%.

    Reflected in its IRSAD score of 1045 out of 1217, Wantirna boasts a well-off socio-economic status. The demographic here is predominantly homeowners, with a renter to owner ratio topping off at just 20%. The local property market here is primarily composed of standalone houses, as is evident with a low units to houses ratio of 7%. Accordingly, the competition among landlords for attracting long-term tenants, particularly families, remains low.

    However, it is necessary for potential investors to consider that the affordability index for Wantirna clocks in at 50 years, which indicates a somewhat less affordable market for prospective homeowners. On the supply side of the equation, the stock on market Percentage for houses is relatively low at just 0.19%, plenty favorable for sellers with a similarly favorable inventory level for houses at 0.77 months. This aligns with a fairly low building approvals Ratio for houses at 0.67%, indicating restrained growth in housing supply.

    The average number of days a house listing remains on the market is a drawcard 20 days. The tight vacancy rate of 1.44% means that rental properties are quickly tenanted, demonstrating high demand fro property investors. However, the buy search index for houses stands at a neutral 3, so it’s important for potential investors to keep tabs on this market trend.

    Overall, Wantirna 3152’s property market retains some attractive metrics for potential investors, especially those interested in stability and middling competition. Nonetheless, keeping a keen eye on changing trends and factors such as demand, supply, socio-economic indicators, renter-owner statistics and the Buy Search Index, is crucial for real estate investment decisions. Let RCS (Relative Composite Score) by HtAG Analytics assist by automatically researching over 80 such metrics for you.

    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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