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Wooreen, VIC 3953
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$760,000
list-price estimate
Median Unit
$425,000
list-price estimate
Gross Yield (houses)
2.4%
1yr Growth
-
Investment snapshot for Wooreen
Wooreen has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Wooreen market and investor summary
In Wooreen, VIC 3953, houses show a gross rental yield of 2.4%. At 0.6% 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 2.4% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.6% and a resident base that is not shrinking. Houses also take time to sell, around 557 days on market, so plan for a slower exit if you ever need one.
Living in Wooreen: people, income and schools
About 91 people live in Wooreen, a number that has held fairly steady over five years. At a median age of 49, it reads as skewed a little older, and 76% 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 $89,000 a year (about $1,710 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Locally, around 39% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 91
- +2% over 5yr
- Median age
- 49 years
- Median household income
- $89,000/yr
- Households renting
- 20%
- Family households
- 89%
- Socio-economic rank
- 5/10
- 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 Wooreen
No properties currently listed in Wooreen
Search Wooreen listings →Frequently asked questions about Wooreen
What should I check before investing in Wooreen?
Wooreen has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.6% 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 rental yield does Wooreen show?
The gross rental yield in Wooreen is 2.4% 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 Wooreen?
The current vacancy rate in Wooreen is 0.6%. 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 Wooreen?
Wooreen has a population of approximately 91 residents, with a median age of 49.
Is Wooreen's population growing?
The population of Wooreen 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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