Wollert (postcode 3750) is a sizeable suburb in Victoria within the Whittlesea local government area. The area has roughly 24,407 residents and a predominantly early-career demographic, with a median age of 30. Households earn a median income of $103K per year, with an average household size of 3.3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.9% 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 professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are Indian, Australian, English.
Median house prices in Wollert stand at $570,000, having posted strong gains by 5.9% over the last twelve months. Units have a median price of $470,000 (+0.5% YoY). The current median weekly rent is $530. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $2,000.
Wollert is served by 8 schools, including 6 primary, 2 secondary. The average ICSEA score is 1041, which is around the national average of 1,000. Public transport access includes 37 bus stops. The crime rate in the Whittlesea LGA is moderate at 7,048 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 4.8%, which reads as moderate yield. Property prices sit below the state median ($570K/$875K), which can point to relative value. The price-to-income ratio of 5.5x is considered affordable. House prices have moved +5.9% year-on-year. Population growth of +2.9% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.