Weir Views VIC 3338

Here you can find what you need to know about Weir Views, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$458k Median Sale Price (National Average $485k) 492nd In VIC
2.12% Median Price Change (1 yr) (National Average 4.30%) 389th In VIC
$350pw Median Rent (National Average $395) 460th In VIC
4.0% Median Gross Yield (National Average 4.24%) 195th In VIC
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Properties sold 38
Average discounting -8.55%
Average Days on Market 55
Stock on Market 37 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Weir Views, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Weir Views, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Weir Views, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Weir Views


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State Auction Clearance Rates - May 2019

Auctions Clearance rate
VIC 427 63%
ACT 32 56%
NSW 270 61%
NT 9 0%
QLD 75 39%
SA 81 44%
TAS 3 0%
WA 29 25%

Local Schools


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Suburb Information

Weir Views, VIC 3338

Part of: Melton Council No data available

The size of Weir Views is approximately 5.1 square kilometres. It has 2 parks covering nearly 0.4% of total area. The population of Weir Views in 2011 was 8,916 people. By 2016 the population was 11,516 showing a population growth of 29.2% in the area during that time. The predominant age group in Weir Views is 30-39 years. Households in Weir Views are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Weir Views work in a trades occupation. In 2011, 65.9% of the homes in Weir Views were owner-occupied compared with 63.7% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Weir Views

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Weir Views   for Houses in last 12 months


There have been 38 Houses sold in Weir Views in the past 12 months with a median sale price of $460K, up 1.55% annually. It takes on average 59 days to sell with vendor discounting of -8.54%.

Streets in Weir Views


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