wantirna south

3152, Victoria

Real Estate & Property Information

Median
Price Rank
206

wantirna south Suburb Profile & Review

Bordered by the peaceful bushland of Koomba Park and the Dandenong Valley Parklands, Wantirna South is a quiet suburb in the eastern suburbs. Nearby Wantirna is known as the home of the Knox City Shopping Centre. This regional shopping mecca features a Myer, two Coles supermarkets, Kmart, Target, a Village Cinemas fifteen-screen multiplex, an AMF bowling alley, a public library, and an indoor food court. For a smaller strip mall, the Wantirna Mall on Mountain Highway also houses an IGA supermarket and a Video Ezy store.

Wantirna South is an excellent location for schools. Those in the area include Wantirna Primary School, Wantirna College and St Lukes Primary School. A Swinburne University campus with facilities for visual arts, business, horticulture and information technologies is also within walking distance of Knox City. At Wantirna Reserve find a sporting oval with facilities for football and cricket, while the adjacent Wantirna Tennis Club boasts ten private tennis courts and a clubhouse.

In thirty-five minutes reach the Melbourne CBD on the Eastern Freeway. An extensive bus network services the area from Knox City, while Heatherdale Station in Mitcham provides train services to the city on the Belgrave line.

wantirna south Demographic Data

$ 550,000 Median House Price

33 Minutes Average Commute

42 Median Age

17,477 Population

51.98 % Female

48.02 % Male

4845 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in wantirna south, Victoria.

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wantirna south Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

wantirna south Median House Prices

  • 2008 $ 436,000
  • 2009 $ 454,000
  • 2010 $ 495,000
  • 2011 $ 558,000
  • 2012 $ 550,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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wantirna south 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in wantirna south have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term wantirna south property price predictions.

wantirna south Market Property Types

  • 86 % Seperate House
  • 11 % Semi Detached
  • 4 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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wantirna south Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

wantirna south Income & Mortgage Stats

  • $ 1,454 Median Weekly Household Income
  • $ 1,733 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in wantirna south

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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wantirna south Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

wantirna south Sold Property Prices

wantirna south Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

wantirna south Related Local Blog Posts

New Population Figures Has Doomsayers Seeing Red

At this rate, the ABS projects Victoria’s population to grow to 9.9 million by 2056, with Melbourne’s population equaling that of major cities like New York. This raises many questions about whether Victoria is ready for such growth.

The Misinformation on Australia’s Affordability Crisis

Housing Affordability has become a political centerpiece for both State and Federal governments, with voters exerting enormous pressure to bring “The Great Australian Dream” within reach, especially for first home buyers. Whether new measures by government will increase housing affordability remains to be seen.

RBA: More Rate Cuts Threaten Financial Stability

The Reserve Bank Governor addressed parliament last week. The gist of his speech was that he remained concerned about rising household debt levels with little or no wage growth. Mr Lowe discussed the challenges of stimulating the Australian economy further and creating a potential “dangerous” situation, as a result of further rate cuts.

APRA Sounds Warning to Banks

A key warning sounded by the RBA though was aimed at the property market and in particular a rise in speculative investing to property investors. This warning was followed up last week by APRA’s public announcement to banks that they will be punished for breaching the 10% speed limit on lending to property investors.

Will Melbourne Property Prices Continue To Rise?

A big driver of Melbourne property prices has been its population growth. Respected economist Saul Eslake points out that in contrast to other states, population growth in Victoria is accelerating (reaching a seven-year high in mid-2016). Eslake says “even though there is a lot of new supply coming on-stream in Melbourne, prices could still keep rising during 2017, albeit at more moderate rates.”

Trump’s Affect on Property

Trumps’ presidency was predicted to be the downfall of Wall Street and global financial markets but as with Brexit this did not happen. In fact global equity markets soared on the back of Trump’s proposed stimulus measures for the US economy.

wantirna south Restaurants

  • Schnitz (Knox Ozone)425 Burwood Hwywantirna south VIC 315203 9800 2684
  • River Gum Aussie Char-Grill Restaurant343 Stud Roadwantirna south VIC 315203 9801 0966
  • Peking Duck438 Stud Roadwantirna south VIC 315203 9887 0726

wantirna south Cafes

  • Hog's Breath Cafe509 Burwood Highwaywantirna south VIC 315203 9887 4555
  • Cafe GrecoShop 2225, 425 Burwood Highwaywantirna south VIC 315203 9887 3571
  • Red SalmonShop 2223, Knox Ozone, 425 Burwood Hwywantirna south VIC 315203 9801 8962

wantirna south Schools

  • Holy Trinity Primary School10 Riddell Roadwantirna south VIC 3152(03) 9801 8296Catholic Primary School
  • St. Marys College Wantirna South Campus10 Riddell Roadwantirna south VIC 3152(03) 9800 2733Catholic Special School
  • The Knox School220 Burwood Highwaywantirna south VIC 3152(03) 8805 3800Private School

wantirna south Childcare

  • ABC Learning Centre1A Wallace Roadwantirna south VIC 3152
  • Crafts for Kids Childrens Centre17 Old Orchard Drwantirna south VIC 3152
  • Educational Childcare41 Fewster Drivewantirna south VIC 3152

wantirna south Kindergarten and Preschools

  • Flamingo Preschool21 Merryn Gvwantirna south VIC 3152
  • Illoura Annexe Kinderlea3 Coleman Rdwantirna south VIC 3152
  • Knox Gardens Kindergarten81 Argyle Waywantirna south VIC 3152

wantirna south Sporting Centres and Clubs

  • Balmoral Gardenswantirna south VIC 3152Bowling Club
  • Knox Schoolwantirna south VIC 3152Hockey Club
  • Bushy Park Equestrian Areawantirna south VIC 3152Horse Riding Club

wantirna south Retirement Villages

  • Adare SRSwantirna south VIC 3152
  • Balmoral Gardenswantirna south VIC 3152
  • Knowles Lodgewantirna south VIC 3152

Find out How Much your House is Worth in wantirna south

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