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Wyndham Vale, VIC 3024
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$615,000
market range $575K-$700K
Median Unit
$500,000
market range $450K-$525K
Gross Yield (units)
4.4%
1yr Growth (houses)
+4.5%
market range +0.0% to +22.5%
Investment snapshot for Wyndham Vale
Wyndham Vale has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Wyndham Vale market and investor summary
In Wyndham Vale, VIC 3024, the median house sells for around $615K. House prices have moved +4.5% over the past year. At 4.0% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 4.0% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Wyndham Vale: people, income and schools
About 20,518 people live in Wyndham Vale, and the area has been growing steadily, up about 30% over five years. At a median age of 31, it reads as younger than the national median, and families account for 80% of households.
The typical household income runs to around $92,000 a year (about $1,770 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to about 6.7 times local household income, in line with much of metropolitan Australia. Incomes have risen about 31% over five years, which tends to underpin what local buyers can pay.
Families have 25 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Wyndham Vale sits about 32 km from the CBD. It is fairly car-dependent; the suburb scores 28 for walkability and 92 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 20,518
- +30% over 5yr
- Median age
- 31 years
- Median household income
- $92,000/yr
- Households renting
- 31%
- Family households
- 80%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 25
- avg ICSEA 1008
- Unemployment
- 7.6%
- Distance to CBD
- 32 km
- Walk score
- 28/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Wyndham Vale
View all →Frequently asked questions about Wyndham Vale
What should I check before investing in Wyndham Vale?
Wyndham Vale has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.4% gives a usable rent-to-price starting point. Capital growth of +4.5% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Wyndham Vale?
The median property price in Wyndham Vale, VIC 3024 is $615K for houses and $500K for units.
What rental yield does Wyndham Vale show?
The gross rental yield in Wyndham Vale is 4.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Wyndham Vale?
House prices in Wyndham Vale are up 4.5% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Wyndham Vale?
The current vacancy rate in Wyndham Vale is 4.0%. 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 Wyndham Vale?
Wyndham Vale has a population of approximately 20,518 residents, with a median age of 31.
What schools are near Wyndham Vale?
There are 25 schools within roughly 5km of Wyndham Vale. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Wyndham Vale affordable to buy in?
A median house in Wyndham Vale costs about 6.7 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 Wyndham Vale's population growing?
The population of Wyndham Vale has grown about 30% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Wyndham Vale from the CBD?
Wyndham Vale is about 32 km from the CBD.
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