Werribee South (postcode 3030) is a smaller residential area in Victoria within the Wyndham local government area. It is home to about 2,392 residents, with a settled, mature resident base and a median age of 45. Households earn a median income of $83K per year, with an average household size of 2.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.7% 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 managers, professionals, clerical & administrative. Employment in the area leans toward construction and agriculture. The top ancestries reported are English, Australian, Italian.
Median house prices in Werribee South stand at $863,000, having declined by 7.3% over the last twelve months. Units have a median price of $490,000 (+10.1% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,127.
Public transport access includes 14 bus stops. The crime rate in the Wyndham LGA is moderate at 7,001 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.0% (moderate yield). Property prices are near the state median ($863K/$875K). The price-to-income ratio of 10.4x is considered stretched. House prices have moved -7.3% year-on-year. Population growth of +3.7% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.