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Wannon, VIC 3301
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$645,000
Median Unit
$215,000
list-price estimate
Gross Yield (houses)
3.4%
1yr Growth
-
Investment snapshot for Wannon
Wannon has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Wannon market and investor summary
Wannon (VIC 3301) runs a median house price of $645K, with houses yielding a gross 3.4%. At 14.2% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.4% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 14.2% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 110 days on market, so plan for a slower exit if you ever need one.
Living in Wannon: people, income and schools
Wannon is home to around 124 people, a number that has held fairly steady over five years. The median age is 45, skewed a little older, and 86% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $81,000 a year, or roughly $1,550 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to about 8.0 times local household income, in line with much of metropolitan Australia.
- Population
- 124
- +0% over 5yr
- Median age
- 45 years
- Median household income
- $81,000/yr
- Households renting
- 0%
- Family households
- 88%
- Socio-economic rank
- 8/10
- ABS advantage index
- Unemployment
- 1.7%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Wannon
No properties currently listed in Wannon
Search Wannon listings →Frequently asked questions about Wannon
What should I check before investing in Wannon?
Wannon has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Wannon?
The median property price in Wannon, VIC 3301 is $645K for houses.
What rental yield does Wannon show?
The gross rental yield in Wannon is 3.4% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Wannon?
The current vacancy rate in Wannon is 14.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Wannon?
Wannon has a population of approximately 124 residents, with a median age of 45.
Is Wannon affordable to buy in?
A median house in Wannon costs about 8.0 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Wannon's population growing?
The population of Wannon has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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