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Willatook, VIC 3283
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$650,000
Median Unit
$435,000
list-price estimate
Gross Yield (houses)
2.9%
1yr Growth
-
Investment snapshot for Willatook
Willatook has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Willatook market and investor summary
Willatook (VIC 3283) runs a median house price of $650K, with houses yielding a gross 2.9%. At 5.8% 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 2.9% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 5.8% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Willatook: people, income and schools
About 53 people live in Willatook, a number that has held fairly steady over five years. The median age is 31, younger than the national median, and 75% 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 $107,000 a year, or roughly $2,050 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 about 6.1 times local household income, in line with much of metropolitan Australia. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 53
- +4% over 5yr
- Median age
- 31 years
- Median household income
- $107,000/yr
- Households renting
- 10%
- Family households
- 100%
- Socio-economic rank
- 7/10
- ABS advantage index
- Unemployment
- 1.2%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Willatook
No properties currently listed in Willatook
Search Willatook listings →Frequently asked questions about Willatook
What should I check before investing in Willatook?
Willatook 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 Willatook?
The median property price in Willatook, VIC 3283 is $650K for houses.
What rental yield does Willatook show?
The gross rental yield in Willatook is 2.9% 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 Willatook?
The current vacancy rate in Willatook is 5.8%. 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 Willatook?
Willatook has a population of approximately 53 residents, with a median age of 31.
Is Willatook affordable to buy in?
A median house in Willatook costs about 6.1 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 Willatook's population growing?
The population of Willatook has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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