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Wedderburn, VIC 3518
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$350,000
market range $325K-$400K
Median Unit
$395,000
Gross Yield (houses)
5.0%
1yr Growth (houses)
+23.1%
market range +2.5% to +30.0%
Investment snapshot for Wedderburn
Wedderburn has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Wedderburn market and investor summary
In Wedderburn, VIC 3518, the median house sells for around $350K, on a gross rental yield of 5.0% for houses. House prices have moved +23.1% over the past year and +16.7% over three years. At 3.3% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 5.0% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 124 days on market, so plan for a slower exit if you ever need one.
Living in Wedderburn: people, income and schools
Wedderburn is home to around 951 people, a number that has held fairly steady over five years. At a median age of 58, it reads as an older, established demographic, and 81% 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 $45,000 a year (about $870 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10). At current prices a median house runs to about 7.8 times local household income, in line with much of metropolitan Australia. Incomes have risen about 31% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 47 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 951
- +1% over 5yr
- Median age
- 58 years
- Median household income
- $45,000/yr
- Households renting
- 13%
- Family households
- 55%
- Socio-economic rank
- 1/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 954
- Unemployment
- 5.0%
- Walk score
- 47/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Wedderburn
View all →Frequently asked questions about Wedderburn
What should I check before investing in Wedderburn?
Wedderburn has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 5.0% gives a usable rent-to-price starting point. Capital growth of +23.1% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Wedderburn?
The median property price in Wedderburn, VIC 3518 is $350K for houses and $395K for units.
What rental yield does Wedderburn show?
The gross rental yield in Wedderburn is 5.0% for houses and 2.3% for units. 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 Wedderburn?
House prices in Wedderburn are up 23.1% over the past year and up 16.7% over three years. 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 Wedderburn?
The current vacancy rate in Wedderburn is 3.3%. 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 Wedderburn?
Wedderburn has a population of approximately 951 residents, with a median age of 58.
What schools are near Wedderburn?
There are 1 school within roughly 5km of Wedderburn. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Wedderburn affordable to buy in?
A median house in Wedderburn costs about 7.8 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 Wedderburn's population growing?
The population of Wedderburn 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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