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Werribee South, VIC 3030

Home » VIC Real Estate Data » Wyndham City, VIC » Werribee South, VIC 3030

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 Werribee South, VIC 3030 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 

2BR

3BR

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Rent 

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Yield 

2BR

3BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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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 “Werribee South, VIC 3030”

  1. The total adult population (15 years or older) of Werribee South 3030 VIC is 2,081, with a median age of 45. Of those, 46.52% are married, 13.46% are divorced or separated, 34.84% are single and 5.00% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,640. The median monthly mortgage repayment for households in this suburb is $2,127 which is 24.62% of their earnings.

    Source: ABS Census Data (2021)

  2. Positioned within the state of Victoria, the suburb of Werribee South, postcode 3030, is estimated to be home to approximately 1586 households. In the third quarter of 2023, the conventional pricing for houses in Werribee South is seen at $866,457. These properties bring in a median weekly rental income of $470, resulting in an indicative yield of 2.82%. Although the yield falls slightly below the desired 3% minimum threshold, it’s crucial to look at the overall investment landscape in Werribee South.

    The suburb boasts an Index of Relative Socio-economic Advantage and Disadvantage (IRSAD) score of 995 out of 1217, suggesting a stable socio-economic environment with fair access to economic resources. The renter to owner ratio is at a balanced 30%, which borders the favourable investment range, and the unit to house ratio stands at an optimal figure of 32%, indicating a healthy mix, tipped more towards houses.

    When considering affordability, it’s essential to note that the affordability index for houses in Werribee South is marked at 39 years. Although this is slightly above the favourable range, it represents an aspect of the market that might be balanced out by the suburb’s other strong metrics.

    In terms of supply, the suburb displays a favourable landscape as it registers a reduced stock on market Percentage at 0.29% and a conveniently low inventory level, which represents just over 1 month of supply. However, the building approvals Ratio rises above the desired range at 2.92%, representing a potential increase in future property availability.

    Further, it’s heartening to see that the average days on market for houses in Werribee South are 34, an indicator of relatively high demand. The combined vacancy rate for both houses and units in the region stands at a reasonable 2.94%, flagging neutral demand conditions. Speaking of demand, the buy search index for houses stands at 3 which could indicate limited but stable demand.

    While some metrics, like the buy search index and Affordability Index, trespass slightly into the unfavourable region, it’s important to remember a holistic approach in navigating property markets. Factors such as stable socio-economic scores, adequate renter to owner and unit to house ratios, and favourable supply indicators add a desirable balance to the property market in Werribee South. This commentary, alongside the Relative Composite Score metric, can provide critical insights that can help steer effective investment decisions.

    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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