Lake Wendouree is a smaller suburb in Victoria within the Ballarat local government area (postcode 3350). With a population of 2,878, the suburb has a mature demographic with a median age of 53. Households earn a median income of $102K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Lake Wendouree is $1.3 million, having dipped slightly 1.5% over the past year. Units have a median price of $525,000 (-25.4% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,106.
Lake Wendouree is served by 1 school, including 1 primary. The average ICSEA score is 1095, which is above the national average of 1,000. Public transport access includes 20 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Lake Wendouree offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 12.7x is considered stretched. House prices have moved -1.5% year-on-year.
Lake Wendouree is a smaller suburb in Victoria within the Ballarat local government area (postcode 3350). With a population of 2,878, the suburb has a mature demographic with a median age of 53. Households earn a median income of $102K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Lake Wendouree is $1.3 million, having dipped slightly 1.5% over the past year. Units have a median price of $525,000 (-25.4% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,106.
Lake Wendouree is served by 1 school, including 1 primary. The average ICSEA score is 1095, which is above the national average of 1,000. Public transport access includes 20 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Lake Wendouree offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 12.7x is considered stretched. House prices have moved -1.5% year-on-year.