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Wattle Bank, VIC 3995
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$675,000
list-price estimate
Median Unit
$445,000
list-price estimate
Gross Yield (houses)
2.5%
1yr Growth (houses)
+2.4%
market range -12.5% to +5.0%
Investment snapshot for Wattle Bank
Wattle Bank has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Wattle Bank market and investor summary
In Wattle Bank, VIC 3995, houses show a gross rental yield of 2.5%. House prices have moved +2.4% over the past year. At 1.3% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.5% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.3% and a resident base that is not shrinking. Houses also take time to sell, around 161 days on market, so plan for a slower exit if you ever need one.
Living in Wattle Bank: people, income and schools
About 250 people live in Wattle Bank, and the area has been growing steadily, up about 14% over five years. At a median age of 41, it reads as skewed a little older, and 91% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $94,000 a year (about $1,810 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). Locally, around 35% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 250
- +14% over 5yr
- Median age
- 41 years
- Median household income
- $94,000/yr
- Households renting
- 4%
- Family households
- 90%
- Socio-economic rank
- 2/10
- ABS advantage index
- Unemployment
- 3.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Wattle Bank
No properties currently listed in Wattle Bank
Search Wattle Bank listings →Frequently asked questions about Wattle Bank
What should I check before investing in Wattle Bank?
Wattle Bank has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.3% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What rental yield does Wattle Bank show?
The gross rental yield in Wattle Bank is 2.5% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Wattle Bank?
House prices in Wattle Bank are up 2.4% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Wattle Bank?
The current vacancy rate in Wattle Bank is 1.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Wattle Bank?
Wattle Bank has a population of approximately 250 residents, with a median age of 41.
Is Wattle Bank's population growing?
The population of Wattle Bank has grown about 14% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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