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Wellington Shire, VIC

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Wellington Shire is a local government area in Victoria, Australia, situated in the state’s eastern region. The LGA’s property market is composed of mostly rural properties, including farmland and acreage. The area is popular for those who are looking for a quiet, rural lifestyle. The average property prices in the Wellington Shire are lower than in other areas of Victoria, making it a popular destination for those looking for a more affordable home.

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The LGA has a number of dairy farms, beef cattle farms, and pig farms. There are also a number of sawmills and other forestry operations. The shire is also a popular tourist destination, with a number of lakes and resorts.

Managers (16.6%), Technicians and Trades Workers (16.2%), Professionals (15.6%), Laborers (12.7%), and Community and Personal Service Workers (11.4%) are the most prevalent professions in Wellington. In Wellington, the typical weekly personal income for individuals aged 15 years and older is $562.

Some people might say that Wellington Shire, Victoria, typical real estate is made up of sprawling rural estates, while others might say that the area is made up of quaint country villages. The truth is that it depends on the specific area within the Wellington Shire. Some areas are made up of large estates, while others are made up of small cottages. In Wellington, 92.7 % of occupied private homes are detached houses, 3.4 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 2.5 % are flats or apartments, and 1.0 % are other dwellings.

If you’re looking to invest in property in Wellington Shire, Victoria, there are a few things you should keep in mind. Firstly, it’s important to do your research and find a suburb that you think will be in high demand in the future. Secondly, you’ll need to find a good property investment adviser who can help you make sense of the key real estate metrics in the LGA. Finally, be prepared to wait for the right property to come along, as it’s not always easy to find the perfect investment.

Use the interactive dashboard below to compare Wellington Shire suburbs in terms of property investment appeal.

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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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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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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

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Inventory

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Building Approvals

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SOM 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 Wellington Shire, VIC

What other property markets are there near Wellington Shire, VIC?

Wellington Shire is surrounded by 4 other council areas – South Gippsland, Mansfield, Latrobe, Wangaratta.

How many people live in Wellington Shire, VIC?

There are approximately 43000 people living in roughly 22000 dwellings in total, with an average household size of 2.3.

What are current and planned infrastructure projects in Wellington Shire, VIC?

Notable infrastructure projects include Sale Oval Changeroom Redevelopment, Valencia Creek – Briagolong Road Culvert Replacement, Warmer Pool for Yarram, Maffra Tennis Club Pavilion, Morison Street Reconstruction Works, Maffra.

What major retailers are there in Wellington Shire, VIC?

The main retail centres are Wellington Village Shopping Centre.

What is the main industry in Wellington Shire, VIC?

Such sectors as Agriculture, Forestry and Fishing, Health Care and Social Assistance, Retail Trade, Construction, Public Administration and Safety make up the largest part of the employment.

What are the dominant demographic groups in Wellington Shire, VIC?

Among approximately 43000 people in Wellington Shire males and females make roughly 50% of each group. The median age of people is 43 years. Children aged 0-14 years account for approximately 18% of the population, and those aged 65+ years account for 20%.

How is unemployment rate trending in Wellington Shire, VIC?

Among approximately 19000 people employed, roughly 55% work full-time, 33% work part-time, and an estimated 6% are unemployed.

Suburbs/localities in this Local Government Area: Glengarry 3854, Glenmaggie 3858, Glomar Beach 3851, Golden Beach 3851, Gormandale 3873, Grand Ridge 3870, Hawkhurst 3862, Hedley 3967, Heyfield 3858, Hiamdale 3847, Hiawatha 3971, Hollands Landing 3862, Howitt Plains 3858, Hunterston 3971, Balook 3971, Jack River 3971, Airly 3851, Kilmany 3851, Koorool 3860, Lake Wellington 3851, Langsborough 3971, Licola 3858, Licola North 3858, Llowalong 3862, Loch Sport 3851, Longford 3851, Macks Creek 3971, Madalya 3971, Maffra 3860, Maffra West Upper 3859, Manns Beach 3971, Mcloughlins Beach 3874, Meerlieu 3862, Miowera 3862, Monomak 3860, Montgomery 3851, Moornapa 3862, Moroka 3860, Alberton 3971, Munro 3862, Myrtlebank 3851, Nambrok 3847, Nap Nap Marra 3860, Alberton West 3971, Newry 3859, Ocean Grange 3880, Paradise Beach 3851, Pearsondale 3851, Perry Bridge 3862, Port Albert 3971, Reynard 3858, Riverslea 3860, Robertsons Beach 3971, Rosedale 3847, Sale 3850, Sargood 3858, Seacombe 3851, Seaspray 3851, Seaton 3858, Snake Island 3971, Staceys Bridge 3971, Stockdale 3862, Stradbroke 3851, Stratford 3862, Billabong 3858, Binginwarri 3966, Tamboritha 3858, Tarra Valley 3971, Tarraville 3971, The Heart 3851, The Honeysuckles 3851, Tinamba 3859, Tinamba West 3859, Toolome 3860, Toongabbie 3856, Toora North 3962, Blackwarry 3844, Valencia Creek 3860, Walhalla 3825, Walhalla East 3825, Boisdale 3860, Willung 3847, Willung South 3847, Winnindoo 3858, Won Wron 3971, Wongungarra 3862, Wonyip 3962, Woods Point 3723, Woodside 3874, Woodside Beach 3874, Woodside North 3874, Woolenook 3860, Worrowing 3858, Wrathung 3860, Wrixon 3860, Wurruk 3850, Yangoura 3858, Yarram 3971, Glenfalloch 3858, Briagolong 3860, Budgee Budgee 3862, Bundalaguah 3851, Buragwonduc 3858, Bushy Park 3860, Callignee North 3844, Callignee South 3844, Calrossie 3971, Carrajung 3844, Carrajung Lower 3844, Carrajung South 3844, Arbuckle 3858, Clydebank 3851, Cobains 3851, Coongulla 3860, Cowa 3862, Cowwarr 3857, Crookayan 3858, Crooked River 3862, Dargo 3862, Darriman 3851, Dawson 3858, Denison 3858, Devon North 3971, Dutson 3851, Dutson Downs 3851, East Sale 3852, Fernbank 3864, Flamingo Beach 3851, Flynn 3844, Flynns Creek 3844, Fulham 3851, Gelliondale 3971, Giffard 3851, Giffard West 3851, Gillum 3858

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