Located in Victoria within the Ballarat local government area, Wendouree is an established suburb (postcode 3355). The area has roughly 10,376 residents and an established family 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. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
The median house price in Wendouree is $440,000, having declined by 6.4% over the past year. Units have a median price of $358,000 (+12.4% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 5.2%. 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.
On the investment side, Gross rental yield sits at around 5.2% (high yield). Property prices sit below the state median ($440K/$875K), which can point to relative value. The price-to-income ratio of 8.5x is considered moderate. House prices have moved -6.4% year-on-year. Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.