Wandana Heights is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3216). With a population of 2,195, the suburb has an established demographic with a median age of 41. Households earn a median income of $133K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Wandana Heights is $582,000, having remained flat 0% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $2,000.
Public transport access includes 2 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Wandana Heights offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($582K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.4x is considered affordable. House prices have moved +0.0% year-on-year.
Wandana Heights is a smaller suburb in Victoria within the Greater Geelong local government area (postcode 3216). With a population of 2,195, the suburb has an established demographic with a median age of 41. Households earn a median income of $133K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Wandana Heights is $582,000, having remained flat 0% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $2,000.
Public transport access includes 2 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Wandana Heights offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($582K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.4x is considered affordable. House prices have moved +0.0% year-on-year.