Wheelers Hill is a large suburb in Victoria within the Monash local government area (postcode 3150). With a population of 20,652, the suburb has a mature demographic with a median age of 48. Households earn a median income of $95K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Wheelers Hill is $1.4 million, having declined 7.3% over the past year. Units have a median price of $961,000 (-2.1% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,500.
Wheelers Hill is served by 8 schools, including 6 primary, 1 secondary, 1 special. The average ICSEA score is 1103, which is well above the national average of 1,000. Public transport access includes 105 bus stops. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Wheelers Hill offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 14.8x is considered stretched. House prices have moved -7.3% year-on-year.
Wheelers Hill is a large suburb in Victoria within the Monash local government area (postcode 3150). With a population of 20,652, the suburb has a mature demographic with a median age of 48. Households earn a median income of $95K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, English, Australian.
The median house price in Wheelers Hill is $1.4 million, having declined 7.3% over the past year. Units have a median price of $961,000 (-2.1% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $2,500.
Wheelers Hill is served by 8 schools, including 6 primary, 1 secondary, 1 special. The average ICSEA score is 1103, which is well above the national average of 1,000. Public transport access includes 105 bus stops. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Wheelers Hill offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 14.8x is considered stretched. House prices have moved -7.3% year-on-year.