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Wendouree, VIC 3355

Home » VIC Real Estate Data » Ballarat City, VIC » Wendouree, VIC 3355

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 Wendouree, VIC 3355 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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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 “Wendouree, VIC 3355”

  1. The total adult population (15 years or older) of Wendouree 3355 VIC is 8,705, with a median age of 42. Of those, 31.61% are married, 16.07% are divorced or separated, 43.00% are single and 9.34% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,220. The median monthly mortgage repayment for households in this suburb is $1,166 which is 22.34% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Wendouree, postcode 3355, is located in Victoria and is a significant residential area with an estimation of 6083 households. As of the third quarter of 2023, the typical prices for houses in Wendouree stand at a highly affordable $438,104. Coupled with a median weekly rent of $363, these figures result in an attractive indicative yield of 4.31%, surpassing the minimum market requirement of 3% and hence, a profitable option for cashflow-focused investors.

    The socio-economic standing of Wendouree, according to its IRSAD score is a decent 843 out of 1217. This suggests that residents typically enjoy a reasonable level of income and engagement in skilled professions. In terms of the tenancy makeup, the suburb hosts a renter to owner ratio of 43%, indicating a significantly higher portion of rental properties, which could signify strong rental return potential. However, potential investors should be cognizant of the competition and market risks associated with a higher proportion of rental properties.

    The units to houses ratio stands at a low 11% indicating a lower level of competition among landlords for tenants, which can help support healthy rental returns. Wendouree seemingly has a stronger bend towards houses, making the suburb more favourable amongst families who typically have lengthier tenant periods.

    The affordability index, or years to own metric in Wendouree is estimated at 33 years, hinting at decreased affordability for homeownership due to factors such as median family income and current interest rates. However, this does present potential opportunities for investors seeking a steady stream of rental income.

    The supply levels of Wendouree, as shown by the stock on market Percentage of 0.15% and inventory level of only 0.62 months, are favourably low. The building approvals Ratio, standing at a minimal 0.04%, reinforces this lack of excessive supply.

    On the demand side, the days on market (DOM) metrics rest at 73 days, which reveals a somewhat neutral flow of demand, while the vacancy rate is reasonably low at 1.46%, indicating a favorable situation for potential investors due to the high demand—low supply dynamic. The buy search index for houses stands at 4, which points towards a neutral level of demand.

    Despite some metrics being in non-optimal ranges, the suburb of Wendouree still presents substantial opportunities for potential property investment, noticeably driven by the strong indicative yield and favourable supply and demand situation. It also highlights the importance of HtAG Analytics’ Relative Composite Score (RCS) metric, which streamlines property market analysis by considering over 80 factors for a comprehensive value judgment.

    To have the best understanding of the Wendouree property market trends, continue to track up-to-date property market data and recent trend shifts, as this knowledge can serve as an invaluable resource for real estate 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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