Wendouree is a well-established suburb in Victoria within the Ballarat local government area (postcode 3355). With a population of 10,376, the suburb has an established demographic with a median age of 42. Households earn a median income of $51K per year, with an average household size of 2.1 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Wendouree is $440,000, having declined 6.4% over the past year. Units have a median price of $318,000 (-17.4% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,166.
Wendouree is served by 6 schools, including 3 primary, 1 secondary, 2 combined. The average ICSEA score is 958, which is around the national average of 1,000. Public transport access includes 3 rail stations, 92 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Wendouree offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($440K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.5x is considered moderate. House prices have moved -6.4% year-on-year.
Wendouree is a well-established suburb in Victoria within the Ballarat local government area (postcode 3355). With a population of 10,376, the suburb has an established demographic with a median age of 42. Households earn a median income of $51K per year, with an average household size of 2.1 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Wendouree is $440,000, having declined 6.4% over the past year. Units have a median price of $318,000 (-17.4% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,166.
Wendouree is served by 6 schools, including 3 primary, 1 secondary, 2 combined. The average ICSEA score is 958, which is around the national average of 1,000. Public transport access includes 3 rail stations, 92 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Wendouree offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($440K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.5x is considered moderate. House prices have moved -6.4% year-on-year.