Get a property report and suburb profile for any property in Wembley

Wembley is an inner-west suburb in the Town of Cambridge with leafy, predominantly residential streets and easy access to Lake Monger and neighbourhood parks. Housing is anchored by interwar and post-war cottages and brick bungalows, with pockets of low-rise infill and townhouses along busier roads. The community of 12,061 people has a median age of 37 and is weighted towards couple families, and homes are mostly owner-occupied (61.5% owned outright or with a mortgage) while 38.4% of dwellings are rented.

It attracts long-term families, professionals and downsizers who value quiet streets, local sports fields and small shopping strips with cafés. Frequent bus services and nearby train stations give convenient links to the city. The suburb is also the focus of a precinct review that plans roughly 750–1,000 additional homes, around 11,000 m² of employment space and movement improvements along Cambridge Street, alongside local traffic and pedestrian upgrades and a staged hospital redevelopment. Whether Wembley suits you depends on how much you value established streets, nearby amenities and planned local growth.

On the figures, housing in Wembley sits well above what local households earned at the last Census. A median house price of $1,935,389 is about 18.6 times a typical local household's annual income at the last Census, while the median unit price of $545,250 is about 5.2 times that income. For renters, a house rent of $890 a week would take about 44.4% of a typical local household's weekly income at the last Census, and a unit rent of $580 a week would take about 28.9%. Which of those numbers matters most depends on whether you're looking to buy or rent.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Both houses and units in Wembley recorded large price gains over the past 12 months: median unit values rose 29.7% and median house values rose 18.3%. Rental growth was weaker by comparison — unit rents climbed 10.5% (a strong rise) while house rents increased 4.7% (a modest rise). In other words, capital growth outpaced rental growth for both property types this year, and the unit side moved more sharply than the house side on both values and rents. If rental income is your primary concern, the unit rent figure is the most relevant; if you care about capital growth, both segments showed substantial price increases.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.