Werribee is an affordable and family-friendly suburb providing a nice combination of urban living and natural attractions.
With many facilities including schools, parks, shopping options, and easy commutes to Melbourne CBD, it provides a lot of potential for investors given the significant development occurring in the area, making it poised for growth.
Being relatively close to the water and coast also makes it an attractive option for investors. Growth appears to have flatlined during last 3 years, meaning time to enter market now could be optimal to maximise growth
We've summarised key suburb analytics below for your consideration. Want these great suburb analysis tools at your fingertips for over 15,000 suburbs in Australia? Register to our Professional plan now here for $49 per month - https://www.propertydirector.com.au/choose-plan.
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Median Price / Capital Growth - $617,000, has seen 5.69% annual compound growth in the last 10 years
Rental Yield - 3.78%
Population - 50,026
Vacancy Rate - 2.03%
Vendor Discount Rate - -2.89%