woori yallock

3139, Victoria

Real Estate & Property Information

Median
Price Rank
498

woori yallock Suburb Profile & Review

Situated just over an hour from the heart of Melbourne, Woori Yallock or simply 'Woori' to locals, is cherished for its country lifestyle, though residents are still close enough to the city to commute to work. The mountains overlooking the area are snow-capped in winter, making the green pastured enclave even more picturesque.

Woori Yallock is one of the many stops along the Warburton Trail, a bicycle track that follows the old Warburton Railway line. The town's commercial centre is located at the corner of the Warburton Highway and Woori Yallock Road, and has all the necessities, including a Foodworks supermarket and even a costume hire shop! The Woori Bakery is well-known for its award-winning pies, and it acts as a good lunch stop for users of the Warburton Trail and those taking a scenic drive through the area. The small but well-visited pub on the Old Warburton Highway is another popular destination with locals.

Woori Yallock Primary School takes care of younger residents' educational needs, while in nearby Yarra Junction, Upper Yarra Secondary College enrols students from nearby towns. The 683 bus to Chirnside Park ensures students have an easy travel route to school.

woori yallock Demographic Data

$ 312,000 Median House Price

61 Minutes Average Commute

34 Median Age

2,806 Population

51.18 % Female

48.82 % Male

782 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 woori yallock, Victoria.

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woori yallock 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.

woori yallock Median House Prices

  • 2008 $ 222,500
  • 2009 $ 259,950
  • 2010 $ 280,000
  • 2011 $ 300,000
  • 2012 $ 312,000

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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woori yallock 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 woori yallock 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 woori yallock property price predictions.

woori yallock Market Property Types

  • 96 % Seperate House
  • 3 % Semi Detached
  • 1 % 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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woori yallock 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.

woori yallock Income & Mortgage Stats

  • $ 1,076 Median Weekly Household Income
  • $ 1,400 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 woori yallock

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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woori yallock 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.

woori yallock Sold Property Prices

woori yallock 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.

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woori yallock Restaurants

  • Woori's Pizza Cafe1605 Warburton Hwy woori yallock VIC 313903 5964 6343
  • Fabian's1840 Warburton Highwaywoori yallock VIC 313903 5964 6855

woori yallock Cafes

  • Peach Cafe60 Schoolhouse Roadwoori yallock VIC 313903 5964 7654
  • Woori Pizza Cafe3/1605 Warburton Highwaywoori yallock VIC 313903 5964 6343

woori yallock Schools

  • Woori Yallock Primary SchoolWoori Yallock Roadwoori yallock VIC 3139(03) 5964 7258State Primary School

woori yallock Childcare

  • Woori Yallock Care for Kids11-13 Symes Roadwoori yallock VIC 3139

woori yallock Kindergarten and Preschools

  • Woori Yallock KindergartenSymes Roadwoori yallock VIC 3139

woori yallock Sporting Centres and Clubs

  • Woori Yallock T. Clubwoori yallock VIC 3139Tennis Club & Courts

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