The Lake Wendouree suburb profile reveals a dynamic community known for its picturesque lake scenery, rich history, and evolving property market, drawing interest from investors and residents alike. Located in Ballarat, Lake Wendouree blends natural beauty with modern conveniences, making it a highly sought-after suburb.

• The population of Lake Wendouree stands at 2,878 with a median age of 53.
• The median house price is $795k, showing a year-on-year growth of 9.7%.
• The suburb boasts a median household income of $1,953 per week.

What do the numbers say in Lake Wendouree?

According to the ABS Census 2021 data accessed through our CRM brain, Lake Wendouree has a population of 2,878 with a median age of 53. The median household income is a solid $1,953 per week, substantially higher than the national average, showcasing the affluence of the area. The median rent is $321 per week.

Real estate statistics show robust growth, with the median sale price for houses at $795,000, experiencing a notable year-on-year growth of 9.7%, despite a recent quarterly decline of 39.3%. Unit prices are also trending upward with a 2.0% increase year-on-year, hitting a median of $513,000. These dynamics highlight Lake Wendouree as a prime spot for investing in Lake Wendouree.

What are the key considerations?

Lake Wendouree offers a balanced lifestyle, making it attractive for both families and retirees. Its strategic location in Ballarat provides easy access to essential amenities while preserving the natural charm of its waterfront. Educational institutions and healthcare facilities are within close proximity, adding to the suburb’s appeal. According to DataVic/REIV figures, Lake Wendouree is also revered for its low crime rates, making it a safe choice for home buyers.

For those comparing options, the Kilmore suburb profile and Fitzroy Vic suburb profile offer alternative lifestyle and investment opportunities.

How does Collings help?

Collings Real Estate is committed to delivering comprehensive suburb intelligence to potential buyers and investors. Our firm leverage extensive data insights, such as those found in this Lake Wendouree property profile, to guide strategic property decisions. Our team is equipped to provide personalized advice and property forecasts that cater to individual investment goals.

Potential customers are invited to talk to a Collings property strategist to explore tailored solutions for their property needs. Contact us at 03 9486 2000 or email us at info@collings.com.au.

Frequently asked questions

What is the median house price in Lake Wendouree?

The median house price in Lake Wendouree is currently $795,000, reflecting a significant annual appreciation of 9.7%.

Is Lake Wendouree a good investment?

Yes, Lake Wendouree is considered a good investment due to its steady property value growth and appealing lifestyle amenities.

What are the demographics of Lake Wendouree?

Lake Wendouree’s population is 2,878, with a median age of 53. It has a high median household income, indicating affluence in the area.

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