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

Wollert sits in Melbourne's northern growth corridor and combines new housing estates with pockets of semi-rural land and older farm properties. Streets are mostly contemporary detached homes in estate layouts, and the neighbourhood attracts growing families and people wanting more space. Everyday life centres on parks, playgrounds and emerging shopping and community facilities, while commuters typically use nearby South Morang and Epping stations on the Mernda line and a network of road links to employment centres.

Wollert is a relatively young suburb of 24,407 people, with a median age of 30 and a median household income of $1,979 a week. Families make up a large share of the community and most homes are owner-occupied (75.9%). The area is in the path of major public projects, with planned public transport stations, road upgrades and local civic investment including schools, a community hospital, a library hub and an affordable housing project.

Buying in Wollert 3750 looks more stretched against local incomes than renting. A median house price of $710,000 is about 6.9 times a typical local household's annual income at the last Census — the Census weekly household income of $1,979 annualises to $102,908. Average weekly rents, $560 a week for houses and $500 a week for units, would take about 28.3% and 25.3% respectively of a typical local household's weekly income at the last Census, which is a moderate share.

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

Over the past 12 months Wollert showed a split picture between values and rents. Median house values rose 4.4%, a modest gain, while median unit values were down 1.0%, a slight fall. Rents moved in the opposite direction to values: house rents fell 3.4% and unit rents fell 3.8%, both moderate declines. Put simply, houses saw modest capital growth over the year even as rental income eased, while units experienced a small fall in value alongside lower rents.

If capital growth is your priority, the house figures are the most relevant; if rental income matters more, the declines in rents are the key numbers to weigh. Whether that pattern makes Wollert a suitable investment depends on your own goals and circumstances.

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.