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Wooragee, VIC 3747
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,095,000
list-price estimate
Median Unit
$545,000
Gross Yield (houses)
2.3%
1yr Growth
-
Investment snapshot for Wooragee
Wooragee has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Wooragee market and investor summary
In Wooragee, VIC 3747, houses show a gross rental yield of 2.3%. At 5.6% 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 2.3% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 5.6% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 205 days on market, so plan for a slower exit if you ever need one.
Living in Wooragee: people, income and schools
About 342 people live in Wooragee, a number that has held fairly steady over five years. The median age is 50, an older, established demographic, 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.
Households here earn a median of about $100,000 a year, or roughly $1,920 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing a little above the national school average on ICSEA.
- Population
- 342
- +1% over 5yr
- Median age
- 50 years
- Median household income
- $100,000/yr
- Households renting
- 2%
- Family households
- 84%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1047
- Unemployment
- 2.6%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Wooragee
No properties currently listed in Wooragee
Search Wooragee listings →Frequently asked questions about Wooragee
What should I check before investing in Wooragee?
Wooragee 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 Wooragee?
The median property price in Wooragee, VIC 3747 is $545K for units.
What rental yield does Wooragee show?
The gross rental yield in Wooragee is 2.3% for houses and 3.9% 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 Wooragee?
The current vacancy rate in Wooragee is 5.6%. 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 Wooragee?
Wooragee has a population of approximately 342 residents, with a median age of 50.
What schools are near Wooragee?
There are 1 school within roughly 5km of Wooragee. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Wooragee's population growing?
The population of Wooragee 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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