whittlesea

3757, Victoria

Real Estate & Property Information

Median
Price Rank
456

whittlesea Suburb Profile & Review

Backed by the startling majesty of the Kinglake National Park, Whittlesea is a quaint township located fifty minutes from the Melbourne CBD. Along the main street you will find every necessary amenity supermarkets, cafes, takeaway shops, video stores and clothes shops. Already home to Whittlesea Primary School, St Mary's Primary School and Whittlesea Secondary College, Whittlesea is steadily expanding due to the construction of several new estates. It is an ideal location for young families looking for an affordable first home.

Surrounded by scenic attractions including the Torourrong Reservoir and Yan Yean Reservoir, Whittlesea is a gateway to rural Victoria. The nearby Hume Freeway connects to Seymour and beyond, while Plenty Road leads directly into the city. Buses travel regularly to Greensborough, Epping and Bundoora, and train stations in neighbouring Thomastown and Epping offer services to the CBD.

Whittlesea boasts several of its own parks and reserves such as the Whittlesea Showgrounds and Recreation Reserve, with space for cricket, tennis, swimming and football. Day trips to Kinglake National Park, Lake Eildon and Healesville are all easily done. Funfields, an amusement park with rides, water slides, go-karts and mini-golf, is a popular destination on Plenty Road.

whittlesea Demographic Data

$ 340,000 Median House Price

52 Minutes Average Commute

37 Median Age

4,826 Population

50.25 % Female

49.75 % Male

1277 NO OF FAMILIES

2.0 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 whittlesea, Victoria.

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whittlesea 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.

whittlesea Median House Prices

  • 2008 $ 305,000
  • 2009 $ 319,000
  • 2010 $ 330,000
  • 2011 $ 340,000
  • 2012 $ 340,000

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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whittlesea 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 whittlesea 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 whittlesea property price predictions.

whittlesea Market Property Types

  • 91 % Seperate House
  • 7 % Semi Detached
  • 2 % Flat or Unit
  • 1 % 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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whittlesea 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.

whittlesea Income & Mortgage Stats

  • $ 1,212 Median Weekly Household Income
  • $ 1,800 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 whittlesea

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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whittlesea 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.

whittlesea Sold Property Prices

whittlesea 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.

whittlesea Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

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?

whittlesea Restaurants

  • Thai Sontaya2408 Plenty Rd whittlesea VIC 375703 9716 3799
  • Papa Dino's20 Laurel Street whittlesea VIC 375703 9716 2766
  • JC's Pizza and PastaShop 1, 56 Church St whittlesea VIC 375703 9716 1718

whittlesea Cafes

  • Muffins 'N' More9/56 Walnut Streetwhittlesea VIC 375703 9716 3877
  • Whittlesea Deli Cafe1 Church Streetwhittlesea VIC 375703 9716 1608
  • Cafe Bookacino61 Church Streetwhittlesea VIC 375703 9716 1880

whittlesea Schools

  • St. Marys Primary SchoolFir Streetwhittlesea VIC 3757(03) 9716 2478Catholic Primary School
  • Whittlesea Primary School2435 Plenty Roadwhittlesea VIC 3757(03) 9716 2140State Primary School
  • Whittlesea Secondary CollegeLaurel Streetwhittlesea VIC 3757(03) 9716 2908State Secondary College

whittlesea Childcare

  • Crystal Views Child Care Centre2 Egret Placewhittlesea VIC 3757
  • Whittlesea Child Care CentreLaurel Streetwhittlesea VIC 3757

whittlesea Kindergarten and Preschools

  • Whittlesea KindergartenChurch Streetwhittlesea VIC 3757

whittlesea Sporting Centres and Clubs

  • Whittleseawhittlesea VIC 3757Bowling Club
  • Whittlesea & DistrictSecondary Collegewhittlesea VIC 3757Netball Club
  • Whittlesea Golf Clubwhittlesea VIC 3757Golf Course

whittlesea Vets

  • Whittlesea Vet Clinicwhittlesea VIC 3757

Find out How Much your House is Worth in whittlesea

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