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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

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:

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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