Fraud Blocker

Wandana Heights, VIC 3216

Home » VIC Real Estate Data » Greater Geelong City, VIC » Wandana Heights, VIC 3216

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 Wandana Heights, VIC 3216 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

0 thoughts on “Wandana Heights, VIC 3216”

  1. The total adult population (15 years or older) of Wandana Heights 3216 VIC is 1,800, with a median age of 41. Of those, 58.89% are married, 8.00% are divorced or separated, 31.28% are single and 2.22% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $11,064. The median monthly mortgage repayment for households in this suburb is $2,000 which is 18.08% of their earnings.

    Source: ABS Census Data (2021)

  2. Wandana Heights 3216, a picturesque suburb nestled in Victoria, boasts an estimated 1,066 households. When we dive into the property market landscape in Q3 of 2023, houses in this locale typically trade at a price point of $962,702. Coupled with a median weekly rent of $624, an attractive indicative yield of 3.37% arises, flaunting a great potential for cash flow savvy investors.

    In terms of socio-economic parameters, Wandana Heights shines brilliantly with an IRSAD score of 1,098 out of 1,217. This high score reflects a highly affluent demographic, blessed with robust economic resources and ample representation in top-tier professions.

    The property market dynamic is further enriched with a low renter-to-owner ratio of just 10%, offering an enticing proposition for long-term property investors. The suburb is predominantly filled with houses, with only a trivial 2% being units, creating an ideal environment for long-lasting tenancies and greater appeal to families.

    Although the affordability index stands at 34 years, slightly exceeding the standard 30-year mortgage period, it’s crucial to consider the high socio-economic score and low renter to owner ratio that cushion this aspect for potential property buyers.

    The supply metrics for houses present an encouraging picture with its stock on market percentage being a mere 0.19%, hinting towards low supply. Additionally, the inventory level finds itself at just 0.86 months which, when combined with a moderate building approvals ratio of 0.84%, indicates a balanced property market.

    With houses spending an average of 60 days on the market, there’s a neutral level of demand in Wandana Heights. The vacancy rate (combining both houses and units) remains within a favourable range at 2.7% demonstrating strong tenant demand. Lastly, the buy search index hits a booming high of 6, illustrating high demand amongst potential buyers exploring this suburb.

    In a nutshell, Wandana Heights emanates a positive aura of profitability for long-term property investors. However, just as with any real estate investment, it’s vital to tread with a thorough understanding of the property market dynamics and keep an eagle eye on shifting trends. And remember, not all metrics need to hit the ‘favourable’ bracket if the overall market indicators are pointing towards a rewarding investment opportunity!

    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.

Leave a comment