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Wyndham City, VIC

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The City of Wyndham is a local government area in Victoria, Australia, located in the outer south-western suburbs of Melbourne, between the Victorian capital and Geelong. It is also the second most populated and fastest-growing LGA in Victoria, increasing at a rate of 5.9 per cent.

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The city had a population of 270,487 as of and is the second largest local Government area in the state. Its population growth rate is also the second highest in the state at 5.9% and is currently a designated growth area of Melbourne.

The key industrial areas within the LGA are Laverton North and Truganina and the major industries are manufacturing and logistics. The professional and commercial sector includes Victoria University, CSIRO Food Innovation Centre and the University of Melbourne Veterinary Clinic and Hospital.

According to 2016 Census 100,0000 people living in the City of Wyndham were employed, of which 66% worked full-time and 32% part-time. More City of Wyndham residents worked in health care and social assistance than any other industry. Professionals account for 18.5 % of jobs in Wyndham, followed by clerical and administrative workers at 15.3 %, technicians and trades workers at 12.7 %, community and personal service workers at 11.2 %, and managers at 10.7 %. In Wyndham, the typical weekly personal income for residents aged 15 years and older is $685.

When it comes to finding the best Wyndham property, the location of the property is often on top of people’s minds. Finding one that is close to public transport can also be a big factor when looking for a place to live. In Wyndham, 83.6 % of occupied private homes are detached houses, 13.9 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 2.2 % are flats or apartments. Based on these numbers detached home located close to amenities and transport hubs are the best investment options in this LGA.

If you are considering purchasing a property in this popular local area, then it is important that you understand how the local sub-markets compare. Explore the interactive dashboard on this page to make an informed decision.

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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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Fundamentals
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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 Wyndham City, VIC

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

Wyndham City is surrounded by 5 other council areas – Hobsons Bay, Melton, Moorabool, Brimbank, Greater Geelong.

How many people live in Wyndham City, VIC?

There are approximately 217000 people living in roughly 75000 dwellings in total, with an average household size of 3.1.

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

Notable infrastructure projects include Holiday Action for 12-15 years, Youth and Children Counselling Support, Tuning in to Kids, Get Psych’d, School Engagement and Support, Youth Cup Empowerment Project 2022, Youth Services Engagement Program.

What major retailers are there in Wyndham City, VIC?

The main retail centres are Wyndham Village Shopping Centre, Wyndham Vale Square Shopping Centre, Rosella Ave Shopping Centre, Tarneit Gardens Shopping Centre.

What is the main industry in Wyndham City, VIC?

Such sectors as Health Care and Social Assistance, Retail Trade, Transport, Postal and Warehousing, Construction, Manufacturing, make up the largest part of the employment.

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

Among approximately 217000 people in Wyndham city males and females make roughly 50% of each group. The median age of people is 32 years. Children aged 0-14 years account for approximately 25% of the population, and those aged 65+ years account for 8%.

How is unemployment rate trending in Wyndham City, VIC?

Among approximately 107000 people employed, roughly 60% work full-time, 28% work part-time, and an estimated 8% are unemployed.

Suburbs/localities in this Local Government Area: Hoppers Crossing 3029, Laverton 3028, Laverton North 3026, Little River 3211, Mambourin 3024, Mount Cottrell 3024, Point Cook 3030, Quandong 3030, Tarneit 3029, Truganina 3029, Werribee 3030, Werribee South 3030, Wyndham Vale 3024, Williams Landing 3027, Manor Lakes 3024, Cocoroc 3030, Eynesbury 3338

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  1. Property Market Outlook for Wyndham City

    In the City of Wyndham there were 3,601 residential buildings approved to be built in the financial year 2019-20 Feb FYTD.

    Population 270,487
    Rental Population 25.85%
    Industry Healthcare, Social Assistance
    Occupation Professionals
    Building Approvals 3,601
    Vacancy Rate 2.17%
    Unemployment Rate 5.4%

    Dwelling Type Demand Profile

    Compared to the national average, there is greater buyer demand for houses in Wyndham City compared to units.

    Across Wyndham City, the greatest demand is for three and four bedroom houses, with two and three bedroom units making up only a small portion of the demand profile in the area. There is also some small demand for three bedroom semi-detached housing. Four bedroom homes makeup the largest demand sector of the market in Wyndham City.

    As of Q2 2020 the rental gross yield for houses and units is 3.66% and 4.55% respectively, with (gross) yields on houses rising by 1.22%.

    How do Wyndham City houses & units compare to neighbouring LGAs?

    According to HtAG property market data, the median house price in Wyndham City is A$551,481 with a -$4,000 to +$534,000 variance compared to the neighbouring LGAs. Hobsons Bay City has a significantly higher median house price, while Melton City and Moorabool Shires are comparable to Wyndham City.

    Hobsons Bay City: A$1,085,350
    Brimbank City: A$720,449
    Greater Geelong City: A$671,340
    Moorabool Shire: A$589,652
    Wyndham City: A$551,481
    Melton City: A$547,980

    House prices in Wyndham City have started 2020 slowly, falling by -1.45% as shown on the heat map. In comparison 2 of the remaining 5 neighbouring LGAs exhibited positive growth above 3%, with Greater Geelong City being the strongest performer in the area with 4.03%.

    Greater Geelong City: 4.03%
    Moorabool Shire: 3.88%
    Brimbank City: 0.67%
    Melton City: -1.01%
    Hobsons Bay City: -1.32%
    Wyndham City: -1.45%

    The unit market in Wyndham City is limited compared to the house market, with units priced at a median value of A$399,966. Neighbouring LGA prices vary in the range of -$45,000 to +$135,000 with the median price for units reported as:

    Hobsons Bay City: A$535,192
    Greater Geelong City: A$414,485
    Brimbank City: A$392,313
    Wyndham City: A$399,966
    Melton City: A$355,384

    Property Market Forecast for Wyndham City Houses

    HtAG property market data for Wyndham City shows that sales volume for houses had been steadily increasing up until Q1 2018 when it began to drop away. Sales volumes recovered and have been steady with more than 480 transactions each quarter since their bottom in Q1 2019. Rental volumes have been in a steady up trend since Q1 2013.

    Median house prices have been consistently increasing since 2008 reaching A$570,000 as of Q1 2019. Since that point, median values have declined to A$550,000. HtAG forecasts show that median values are expected to continue to remain steady at A$550,000 into Q2 2022.

    The median value of 2, 3, 4 and 5 bed houses had been rising steadily since 2008 before falling away in a similar pattern since Q1 2019. Median values currently sit at A$440,000, A$500,000, A$610,000 and A$650,000 respectively. Median rents have increased steadily since 2008 but have remained flat since Q1 2019 sitting at A$390. The median rental price of 2, 3, 4 and 5 bed houses is A$340, A$350, $400 and $460 respectively. HtAG forecasts that the median rental value is expected to increase to A$400 into Q2 2022.

    Rate of Growth for Wyndham City House Prices

    The growth rate in house prices Wyndham City highlights a considerable change in median price over the last 12 years since 2008. Growth is currently at -1.45% and is at its lowest level since 2008. In 2008, growth had been at 0.45% before climbing to the level of 18.9% in 2017.

    According to HtAG forecasts, growth will be relatively flat with positive bias into 2021 and 2022. Currently house prices are at approximately 6 o’clock on the property clock and are in a neutral position in the growth cycle (bottom).

    Suburb Capital Growth and Price Heatmaps for Houses in Wyndham City

    The heatmap above represents median price growth in this LGA on an annual basis. The green areas show a percentage increase ranging from 7%-13% with the highest growth in the suburb of Manor Lakes (3.78%), Werribee South (2.51%) and Werribee (2.16%).

    Tarneit houses grew in value in 2020 by 0.06% to A$588,805
    Werribee houses grew in value in 2020 by 2.16% to A$579,472
    Wyndham Vale houses fell in value in 2020 by -1.12% to A$491,560

    The red areas show the suburbs that have decreased in value by less than 2% in 2020. The suburb with the weakest growth in that range were Wyndham Vale Houses at -1.12%.

    The scatter plot above shows all the individual sales over the past year and their concentration in the LGA. Point Cook and Williams Landing are the higher end suburbs where most of the sales in the A$600,000-A$900,00 range occurred. The vast majority of sales have been in and around Werribee in the price range of A$400,000-A$550,000. Sales volumes have been consistent across the inner areas of the LGA.

    Property Market Outlook for Wyndham City Units

    The median price for units in Wyndham City is only modestly lower than the median price for houses. Units had a median price of A$400,000 in the second quarter of 2020. Overall, the trend in median prices has been continually increasing since 2014. The trend is similar with rental prices for units where they have continued to rise to A$350 per week in Q1 2019, where they remained flat since that point.

    Sales volumes fell away sharply in late-2017 and have since flattened out to the current levels after the big rise from mid-2015. According to market forecasts by HtAG, the median price of units will increase headed into Q2 2022, to A$410,000 from the current value of A$400,000. By Q2 2022, it is forecast that the median rent will increase to A$360 per week from the current value of A$350.

    Property Cycle Position of Wyndham City Units

    Market cycle graph for Wyndham City units above shows the yearly median price change starting from 2008. Prices increased significantly between 2013 and 2017 where growth peaked at 13.73%. Since that point, prices have been growing just at a slower rate. According to the HtAG forecast, median prices for units in this LGA are still slowing and would be approximately 5 o’clock on the property clock (declining).

    Suburb Capital Growth & Price Heatmaps Wyndham City Units

    The heatmap above represents median price growth in this LGA on an annual basis for units in Wyndham City in 2020.

    Werribee units fell in value in 2020 by -3.86% to A$365,545
    Wyndham Vale units grew in value in 2020 by 5.2% to A$387,300
    Tarneit units had no data for this period

    Hoppers Crossing units grew in value in 2020 by 1.7% to A$394,458 However, we must note there has only been 1-3 sales in each of the suburbs mentioned in the unit markets. Looking at the scatter plot, there are far fewer unit sales in this LGA compared to houses. Sales are evenly distributed around Werribee and Laverton, with prices in the 400K to 500K range.

    Conclusion

    Wyndham City appears to be coming towards the bottom of the property cycle, with a number of suburbs within the LGA set for strong growth headed into 2022. Over the next two years, HtAG forecasts Laverton houses to grow by +6.57% by Q2 2022 which is assessed as high confidence due to the strong sales volumes (6) in the quarter.

    Manor Lakes is also predicted to grow strongly by +4.95% by Q2 2022 and is also assessed as having high confidence based on 6 sales. Werribee is predicted to grow strongly by +2.67% by Q2 2022 and is also assessed as having high confidence based on 40 sales.

    Wyndham Vale is predicted to grow by +2.67% by Q2 2022 and is also assessed as having high confidence based on 8 sales. Tarneit is predicted to grow by +0.29% by Q2 2022 and is also assessed as having high confidence based on 26 sales.

    In terms of areas that will likely see weak growth by Q1 2022, HtAG forecasts Hoppers Crossing houses to fall in median value by -0.03% with high confidence. The suburbs that are expected to show the strongest rental yields by Q1 2022 are Tarneit (3.91%), Wyndham Vale (3.73%), Williams Landing (3.46%) and Werribee (3.37%).

    For the unit market, the suburb of Wyndham Vale is predicted to grow at +5.35% by Q2 2022, with low confidence based on limited sales data. Werribee is expected to grow at -0.02% with high confidence.

    Yields for Wyndham Vale and Werribee units are forecast to be 4.05% and 4.92% respectively in Q2 2022.

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