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Wheatsheaf, VIC 3461
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$925,000
list-price estimate
Median Unit
$650,000
Gross Yield (houses)
2.0%
1yr Growth
-
Investment snapshot for Wheatsheaf
Wheatsheaf has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Wheatsheaf market and investor summary
In Wheatsheaf, VIC 3461, houses show a gross rental yield of 2.0%. At 5.3% 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 2.0% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 5.3% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Wheatsheaf: people, income and schools
Wheatsheaf is home to around 252 people, and the area has been growing steadily, up about 6% over five years. The median age is 50, an older, established demographic, and 93% 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 $63,000 a year, or roughly $1,220 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). Incomes have risen about 32% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 252
- +6% over 5yr
- Median age
- 50 years
- Median household income
- $63,000/yr
- Households renting
- 9%
- Family households
- 63%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 2.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Wheatsheaf
View all →Frequently asked questions about Wheatsheaf
What should I check before investing in Wheatsheaf?
Wheatsheaf 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 Wheatsheaf?
The median property price in Wheatsheaf, VIC 3461 is $650K for units.
What rental yield does Wheatsheaf show?
The gross rental yield in Wheatsheaf is 2.0% for houses and 3.5% for units. 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 Wheatsheaf?
The current vacancy rate in Wheatsheaf is 5.3%. 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 Wheatsheaf?
Wheatsheaf has a population of approximately 252 residents, with a median age of 50.
Is Wheatsheaf's population growing?
The population of Wheatsheaf has grown about 6% 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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