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Werona, VIC 3364

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$910,000

Median Unit

$555,000

list-price estimate

Gross Yield (houses)

3.4%

1yr Growth

-

Investment snapshot for Werona

Werona has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Werona market and investor summary

Werona (VIC 3364) runs a median house price of $910K, with houses yielding a gross 3.4%. At 1.6% 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 3.4% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking.

Living in Werona: people, income and schools

Werona is home to around 43 people, a number that has held fairly steady over five years. The median age is 47, skewed a little older, and 88% 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 $76,000 a year, or roughly $1,460 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 12.0 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 33% over five years, which tends to underpin what local buyers can pay.

Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
43
+2% over 5yr
Median age
47 years
Median household income
$76,000/yr
Households renting
8%
Family households
71%
Socio-economic rank
7/10
ABS advantage index
Unemployment
3.1%

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Werona

No properties currently listed in Werona

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Frequently asked questions about Werona

What should I check before investing in Werona?

Werona has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.6% 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 are typical property prices in Werona?

The median property price in Werona, VIC 3364 is $910K for houses.

What rental yield does Werona show?

The gross rental yield in Werona 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 Werona?

The current vacancy rate in Werona is 1.6%. 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 Werona?

Werona has a population of approximately 43 residents, with a median age of 47.

Is Werona affordable to buy in?

A median house in Werona costs about 12.0 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Werona's population growing?

The population of Werona has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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