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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

Current median dwelling price$481,500Past 3 months

Property growth+0.6%Past 12 months

Wyndham Vale's property market has shown stability over the past 12 months, with house values experiencing a modest increase of 0.7%. The current median house price stands at $599,000. Unit values have also seen a slight rise of 0.6%, although the market for units is minimal, with only 2 units sold in the past year.

Sales activity for houses has been relatively active, with 105 houses sold over the last 12 months. However, houses are taking longer to sell, with a median of 89 days on the market, indicating a more cautious buyer sentiment.

The rental market in Wyndham Vale has remained stable, with no change in average rent for houses, which is currently $455. Units have seen a 3.7% increase in rent, averaging $420, suggesting a slight uptick in demand for rental units.

HousesUnits
Median price
Past 3 months
$599KN/A
Change in value
Past 12 months
0.7%0.6%
Sold
Past 3 months
1052
Median days on market
Past 12 months
89N/A
Average rent
Past 12 months
$455$420
Change in rent
Past 12 months
-1.7%3.7%

5 year median price trend for houses and units

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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 has remained relatively stable, with house rents holding steady at $455 per week over the past year. Unit rents have seen a modest increase of 3.7%, reaching $420 per week. As a growing suburb with ongoing development, Wyndham Vale continues to offer affordable rental options for both families and individuals.

Suburbs near Wyndham Vale

Some popular suburbs near Wyndham Vale include:

How does Wyndham Vale compare to nearby suburbs?

  • Median house prices: Wyndham Vale’s median house price is 4.8% lower than Werribee’s.
  • Median unit prices: Wyndham Vale’s median unit price is 4.7% lower than Werribee’s.
  • House price growth: Over the past 12 months, house prices in Wyndham Vale have grown 0.7% higher than in Werribee.
  • Unit price growth: Over the past 12 months, unit prices in Wyndham Vale have grown 0.6% higher than in Werribee.
  • Selling speed for houses: Properties in Wyndham Vale are selling 8.2% faster than in Tarneit.
  • Investment considerations: In Wyndham Vale, the rental yield for house is 26.4% lower than the Melbourne average, while the rental yield for units is 25.0% lower.
  • House price growth: Over the past 12 months, house prices in Wyndham Vale have grown 42.2% lower than the average rate of growth across Melbourne.
  • Unit price growth:Over the past 12 months, unit prices in Wyndham Vale have grown 13.7% lower than the average rate of growth for units across Melbourne.

Common questions about Wyndham Vale

  • Is Wyndham Vale a nice place to live?

    Wyndham Vale is a delightful suburb that offers a wonderful blend of modern living and community spirit, making it a fantastic place to call home. With its charming atmosphere and family-friendly vibe, it’s no wonder that many young families and professionals are drawn to this area. The suburb is well-equipped with a variety of amenities, including schools, parks, and shopping centers, ensuring that residents have everything they need within easy reach. The presence of a train station also means that commuting to Melbourne and other surrounding areas is convenient, adding to the suburb's appeal for those who work or study in the city.

    For families, Wyndham Vale is particularly attractive due to its peaceful environment and abundance of recreational spaces. The suburb's green parks and open spaces provide plenty of opportunities for outdoor activities and family outings. Safety is generally not a major concern, contributing to the overall sense of security and community well-being. While Wyndham Vale may not offer the bustling nightlife of inner-city areas, it compensates with a strong sense of community and a quieter, more relaxed lifestyle.

    However, living in Wyndham Vale does come with some trade-offs. As a rapidly growing suburb, residents might experience ongoing construction and development, which can be both a sign of progress and a temporary inconvenience. Additionally, while the suburb is well-connected by public transport, those who prefer driving may encounter traffic during peak hours, particularly as the area continues to expand. Despite these minor drawbacks, Wyndham Vale remains an appealing choice for families and individuals seeking a balanced lifestyle with the benefits of suburban living and easy access to urban amenities.

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  • Is it expensive to live in Wyndham Vale?

    Living in Wyndham Vale is relatively affordable compared to many other suburbs in the Melbourne area. The median house price is around $570,000, which is quite reasonable when you consider the prices in more central or established suburbs. For those looking at units, the median price is even lower at $482,500. Renting is also fairly budget-friendly, with houses averaging $470 per week and units at $440 per week.

    When you look at the income side of things, the median total household income in Wyndham Vale is $1,766 per week, which aligns well with the average wage of about $97,000 per year. This suggests that the cost of living, particularly in terms of housing, is manageable for many residents. Compared to the broader Melbourne area, where housing prices can be significantly higher, Wyndham Vale offers a good balance of affordability and lifestyle.

    Overall, if you're thinking of living in Wyndham Vale, you'll find it offers a more accessible entry point into the property market without sacrificing too much in terms of amenities and quality of life. It’s a suburb that provides a comfortable living environment without the hefty price tag found in other parts of Melbourne.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Wyndham Vale a good place to invest?

    Wyndham Vale presents a promising opportunity for property investors, especially those interested in rental income. While the median house value has remained stable over the past year, the suburb has experienced a notable increase in rental demand. House rents have risen by 6.8%, and unit rents have surged by 10%, indicating strong tenant interest and potential for solid rental returns.

    The growth in unit values by 3.3% over the last 12 months suggests a steady appreciation in this segment, making units an attractive option for investors seeking capital growth alongside rental income. The suburb's affordability and family-friendly environment continue to draw in renters and buyers alike, contributing to its appeal as a stable investment location.

    Overall, Wyndham Vale offers a balanced investment opportunity with its combination of stable property values and rising rental yields. This makes it an appealing choice for investors looking for reliable rental income and gradual property appreciation in a growing community.

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Choose the right real estate agents in Wyndham Vale

Currently, there are 265 real estate agents working in Wyndham Vale—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 265 agents sold 22.7% of all properties in Wyndham Vale over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Wyndham Vale typically charge a commission of 2% to 2.5%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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