Werribee South is a smaller suburb in Victoria within the Wyndham local government area (postcode 3030). With a population of 2,392, the suburb has a mature demographic with a median age of 45. Households earn a median income of $83K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in Werribee South is $863,000, having declined 7.3% over the past year. Units have a median price of $445,000 (-3.3% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 2.9%. 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.
From an investment perspective, Werribee South offers a gross rental yield of 2.9%, rated as low 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.
Werribee South is a smaller suburb in Victoria within the Wyndham local government area (postcode 3030). With a population of 2,392, the suburb has a mature demographic with a median age of 45. Households earn a median income of $83K per year, with an average household size of 2.3 people. The most common occupations are managers, professionals, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in Werribee South is $863,000, having declined 7.3% over the past year. Units have a median price of $445,000 (-3.3% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 2.9%. 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.
From an investment perspective, Werribee South offers a gross rental yield of 2.9%, rated as low 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.