Wyndham Vale suburb profile
Wyndham Vale is a rapidly growing suburb located in Melbourne's southwest, approximately 31km from the CBD. Known for its family-friendly environment and affordable housing options, it attracts young families and first-home buyers. The suburb offers a range of amenities, including schools, parks, and shopping centers, contributing to its appeal. Wyndham Vale is well-connected by public transport, with a train station providing easy access to Melbourne and surrounding areas. The suburb's blend of modern developments and community-focused living makes it an attractive choice for those seeking a balanced lifestyle in a suburban setting.
Wyndham Vale property market performance
Wyndham Vale's property market has shown stability and modest growth over the past 12 months. The median house price has remained steady at $570,000, while unit values have seen a slight increase of 3.3%, bringing the median unit price to $482,500. This indicates a growing interest in units within the suburb.
Sales activity has been robust, with 140 houses and 9 units sold in the past 12 months. Houses are selling relatively quickly, with a median of 36 days on the market, compared to 46 days for units, suggesting a stronger demand for houses.
The rental market in Wyndham Vale has experienced notable growth, with house rents increasing by 6.8% and unit rents rising by 10% over the last 12 months. This reflects a healthy demand for rental properties in the area.
Median price - houses$567KPast 3 months
Median price - units$461KPast 3 months
Change in value - houses-0.7%12 months
Change in value - units6.8%12 months
Houses sold144Past 3 months
Units sold9Past 3 months
Median DOM - houses36Past 12 months
Median DOM - units49Past 12 months
Average rent - houses$470Past 12 months
Average rent - units$440Past 12 months
Change in rent - houses4.4%Past 12 months
Change in rent - units4.8%Past 12 months
Wyndham Vale demographics
Wyndham Vale, located in Melbourne's western suburbs, is a rapidly growing area known for its family-friendly environment and modern amenities. With a population of 20,518 and a median age of 31, it is a youthful suburb that attracts young families and professionals seeking a balanced lifestyle. The suburb's proximity to the city and access to public transport make it an appealing choice for those who commute to Melbourne for work or study.
The housing landscape in Wyndham Vale is characterized by a high percentage of home ownership, with 51% of properties owned with a mortgage and 16.9% owned outright. This reflects the suburb's appeal to first-time homebuyers and families looking to establish roots. Rental properties make up 32.1% of the housing market, providing options for those seeking flexibility or not yet ready to purchase a home.
Family life is a significant aspect of Wyndham Vale, with 52.3% of households being couple families with children, and 20.4% being one-parent families. The suburb offers a range of schools, parks, and recreational facilities, making it an ideal location for raising children. The median total household income of $1,766 per week supports a comfortable lifestyle, with residents enjoying the benefits of a suburban setting while still being connected to the vibrant city life of Melbourne.
Wyndham Vale infrastructure, key developments and investment opportunities
Wyndham Vale is experiencing significant growth and development that is likely to impact the local property market. The suburb is set to benefit from major transport upgrades, including the planned electrification of the rail line to Wyndham Vale by 2031, which will improve connectivity to Melbourne's CBD. Additionally, the Ison Road Extension project is underway, constructing a new four-lane road between Browns Road and the Princes Highway to enhance transportation infrastructure in the area.
The City of Wyndham is investing heavily in local infrastructure, with $8.5 million allocated to rebuild local roads throughout the municipality in the 2024/25 budget. New community facilities are also being developed, such as a recently opened off-leash dog park in nearby Truganina. These improvements, combined with Wyndham Vale's continued population growth and new housing developments, are likely to sustain strong demand for properties in the suburb.
Wyndham Vale rental market trends
The rental market in Wyndham Vale is experiencing steady growth, with house rents increasing by 6.8% over the past year to $470 per week, while unit rents have seen a 10% rise to $440 per week. This suburb continues to attract renters and investors alike, thanks to its expanding infrastructure and appealing lifestyle options.
Suburbs near Wyndham Vale
Some popular suburbs near Wyndham Vale include: