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

Werribee is an established outer-suburban centre in Melbourne’s south-west centred on a historic main street and the Werribee Park precinct, with its sandstone mansion, formal gardens and the Werribee Open Range Zoo. It mixes older weatherboard and brick streets near the town centre with newer residential estates at the edges, and the Werribee River winds through parkland and walking trails. Pacific Werribee and a lively retail strip cover daily shopping, and regular rail services plus freeway access support a practical, family-focused lifestyle.

About 50,027 people live in Werribee and the median age is 35. The suburb is weighted towards couple families — 46.6% are couples with children and, with couple families without children (32.0%), they make up 78.6% of families. Homes are mostly owner-occupied (65.8%) while renters are 34.3%. Several major public-infrastructure projects are under way or planned, including rail upgrades with a planned cross-city connection, road and interchange works, an expanded hospital emergency department, new law courts and recycled water infrastructure. Whether Werribee suits you depends on what you value in a suburb.

Housing costs in Werribee look different depending on whether you plan to rent or buy. Against a typical local household income at the last Census of $1,645 a week, a house rent of $460 a week would take about 28% of that weekly income and a unit rent of $400 a week about 24%, both moderate shares. On the buying side, the median house price of $650,000 is roughly 7.6 times a typical local annual household income at the last Census, which sits well above local incomes, while the median unit price of $446,000 is about 5.2 times a local year's household income, somewhat above local incomes. Whether that feels expensive depends on your own income and circumstances.

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 Werribee saw solid value gains over the past 12 months, with median house values up 8.3% and median unit values up 9.1%. Over the same period the rent a house earns fell a modest 2.1%.

Put simply, the year to date shows capital growth for both property types while house rental income eased. Which of those outcomes matters more will depend on your own goals and circumstances when assessing Werribee as an investment.

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.