Wantirna Buyers Agent

The size of Wantirna is approximately 8.3 square kilometres. It has 25 parks covering nearly 13.2% of total area. The population of Wantirna in 2011 was 13,766 people. By 2016 the population was 13,800 showing a population growth of 0.2% in the area during that time. The predominant age group in Wantirna is 60-69 years

Households in Wantirna are primarily couples with children and are likely to
be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wantirna work in
a professional occupation. In 2011, 78.8% of the homes in Wantirna were owner-occupied compared
with 76.4% in 2016. Currently the median sales price of houses in the area is $1,092,000.

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About Wantirna

Wantirna is located 24 kilometers east of Melbourne's Central Business District(CBD). Its name is derived from the native meaning of "a babbling brook" in the area. Wantirna is home to the Knox Private Hospital and the Westfield Knox shopping center. It is served by the EastLink tollway, which has interchanges at Boronia Road and Burwood Highway.

Mrs. Madeline Scott created the "Bushy Park" cattle run on the Dandenong Creek's banks in 1840, and Wantirna was born. In the 1870s, more pioneers opened the area to habitation. In 1912, the Finger family donated two acres of land on the southern side of Mountain Highway (then known as Wantirna-Sassafras Rd) to build a timber schoolhouse to serve the local populace. 

Wantirna South is another suburb in Victoria's Knox Region with rental housing accounting for 19.56 percent of the population. The median sale price for houses is $1,092,000, up 19.72 percent in the last two years.

The economy of Wantirna is based largely on service industries, with a smaller proportion of employment in manufacturing. The suburb has a mix of businesses, including small to medium businesses, as well as a number of larger businesses.

Real Estate Highlights

Wantirna's median rent for house is $480 per week, with a 2.36 percent rental yield. In comparison to previous year, the stock of houses/townhouses on the market has changed 13.04 percent, and the average time to sell a house/townhouse is 47 days. The average unit in Wantirna South takes 99 days to sell, and the median rent is $400 per week, resulting in a rental yield of 4.62 percent.Based on median property value growth for the quarter, Wantirna is ranked 250th in Australia.

As per the reports by htag.com.au, the typical housing price in the suburbs has been increasing significantly each year. The following graph shows the data since 2010.

Wantirna Typical House Price

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Economy and Amenities

There are a number of amenities in Wantirna, including a library, a number of parks, sporting facilities, and a number of schools. The area also has a huge shopping center, Knox Shopping Centre, which is one of Victoria's largest shopping centers. Some of the larger businesses in Wantirna include:

The Knox City Council's headquarters are located in Wantirna South. The Westfield Knox shopping centre, which was established in the 1970s, is also located in Wantirna South. In 2002, it underwent a massive renovation to make it more appealing to young people. Knox O-Zone is currently a prominent nightlife destination with a pub, restaurants, clubs, and a cinema. The Rembrandts building, located across the street from the Knox Council headquarters, was another significant structure. Rembrandts was a ballroom and formal dining establishment where social events such as over-28s and debutant balls from various schools took place.


Wantirna: Future Prospects

Homeowners and real estate investors who invest in WANTIRNA, 3152 can be confident in its performance. The median property price in the suburb increased by 18.44%.

Over a five-year period, the suburb's median property values have steadily increased, resulting in a 19.56 percent capital gain.

Over the last 12 months, property investors in WANTIRNA had capital gains of 18.44%, resulting in lower returns than their peers in the territory.

In comparison to other Australian suburbs, the suburb also performed better in terms of property value appreciation. The median home price increased to $1,092,000, which pleased investors.

Over a three-year period, profits attributed to an upward trend in housing prices averaged 6.52 percent every year.

In WANTIRNA, homeowners selling their properties and realtors must wait an average of 35.1 days for their assets to be removed from the market.

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