wheelers hill

3150, Victoria

Real Estate & Property Information

Median
Price Rank
134

wheelers hill Suburb Profile & Review

In the 1800s, Wheelers Hill was a rest stop for weary travellers on their way into the city. The journey took an unthinkable six to eight hours. Today, the trip takes little more than twenty-five minutes on the Monash Freeway.

The suburb's well-established brick houses are complemented by large blocks of land and healthy bushland. There are eight schools in the vicinity, including Wheelers Hill Secondary College, which was once attended by the lead singer of The Living End, and Caulfield Grammar School, which is adjacent to Jells Park. Jells Park is an incredible, large recreational facility in the Dandenong Creek Valley. Cycling and walking trails wind through wetlands and billabongs before converging on Jells Lake, where fishing is allowed. Madeline's at Jells, a cafe and restaurant within the park, is regularly booked out during the summer months. The Monash Gallery of Art and the Wheelers Hill Library are also located near the park.

Nine bus routes travel through Wheeler's Hill on their way to surrounding suburbs such as Knoxfield, Glen Waverley and Chadstone. The Wheelers Hill Shopping Centre is located on Jells Road and contains a Woolworths supermarket and restaurants, cafes and specialty stores. Centro Brandon Park at the corner of Ferntree Gully Road and Springvale Road boasts 98 stores and a colourful food court.

wheelers hill Demographic Data

$ 650,000 Median House Price

26 Minutes Average Commute

44 Median Age

19,105 Population

50.70 % Female

49.30 % Male

5628 NO OF FAMILIES

1.8 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 wheelers hill, Victoria.

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wheelers hill 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.

wheelers hill Median House Prices

  • 2008 $ 520,000
  • 2009 $ 546,000
  • 2010 $ 615,000
  • 2011 $ 688,750
  • 2012 $ 650,000

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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wheelers hill 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 wheelers hill 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 wheelers hill property price predictions.

wheelers hill Market Property Types

  • 94 % Seperate House
  • 2 % 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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wheelers hill 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.

wheelers hill Income & Mortgage Stats

  • $ 1,567 Median Weekly Household Income
  • $ 2,000 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 wheelers hill

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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wheelers hill 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.

wheelers hill Sold Property Prices

wheelers hill 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.

wheelers hill Related Local Blog Posts

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Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

wheelers hill Restaurants

  • Wheelers Hill HotelCnr Ferntree Gully Road and Jells Roadwheelers hill VIC 315003 9560 8922
  • Paradise Indian Restaurant200 Jells Roadwheelers hill VIC 315003 9561 6661
  • Madeline's at Jells ParkJells Park/Waverley Roadwheelers hill VIC 315003 9561 4522

wheelers hill Cafes

  • Cafe VerdiShp21/ 580 Springvale Rdwheelers hill VIC 315003 9561 2518
  • Gloria Jean'sKiosk 8 Brandon Park Shopng Cntr Cnr Springvale & Ferntree Gwheelers hill VIC 315003 8561 0848
  • The Hill Cafe190 Jells Roadwheelers hill VIC 315003 9561 0022

wheelers hill Schools

  • Good Shepherd Primary School30 Academy Avenuewheelers hill VIC 3150(03) 9562 0229Catholic Primary School
  • St. Justins Primary School42-48 Whalley Drivewheelers hill VIC 3150(03) 9561 7644Catholic Primary School
  • Monash Special Development School15-25 Academy Avewheelers hill VIC 3150(03) 9239 7400Specialist School

wheelers hill Childcare

  • Columbia Park Child Care Centre28A Columbia Drivewheelers hill VIC 3150

wheelers hill Kindergarten and Preschools

  • Brandon Park Kindergarten7 Collegium Avenuewheelers hill VIC 3150
  • Brentwood Kindergarten60 Viewmount Roadwheelers hill VIC 3150
  • Caulfield Grammar Pre Prep74-82 Jells Roadwheelers hill VIC 3150

wheelers hill Sporting Centres and Clubs

  • Cumberland Viewwheelers hill VIC 3150Bowling Club
  • Waverley Pitch & Puttwheelers hill VIC 3150Golf Course
  • Wetlands Golf 'n' Gameswheelers hill VIC 3150Golf Course

wheelers hill Retirement Villages

  • Cumberland Viewwheelers hill VIC 3150

Find out How Much your House is Worth in wheelers hill

Request a free market Basic Report for wheelers hill to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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