Werribee – a popular township among new Melbournians
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Werribee Park, west Melbourne
Werribee is located 35km south west of Melbourne CBD and is accessible via the M1 Princess Highway. The local council for Werribee is the City of Wyndham.
The main commercial and retail centre is centred around Watton street which is less than 300 metres south of the Werribee train station. Local residents are well served by the main shopping centre of the suburb – Werribee Plaza which is located at the corner of Heath and Derrimut roads, approximately 3km north-west of the train station. Derrimut road is a major arterial road which connects the suburb to the M8 Western Freeway in the north. This M8 Western Freeway is a major road system which connects the Melbourne CBD to western suburbs such as Melton, Bacchus March and Ballarat.
Tarneit is a smaller township north of Werribee. It appears residential development is beginning to spread towards the north of Werribee as land parcels are being zoned and developed. A host of home builders are constructing new residential family homes which include Simonds Homes, a multi-award winning builder who are building modern single and double storey residential houses of up to 4 bedrooms in Tarneit.
Among the attractions in Werribee include Werribee Park which includes the Werribee Open Range Zoo, Werribee Park Mansion and State Rose Garden which is a sea of striking multi-colour roses when in full bloom.
Famous locals from Werribee include Deputy Prime Minister Julia Gillard.
Vital statistics
| Suburb | Median house price $ | Weekly advertised median rent $ | Gross yield $ | 3-year growth % | 5-year growth % | Average annual growth % |
| Werribee | 250,000 | 250 | 5.2 | 17.4 | 22.5 | 8.7 |
Source: Your Investment Property, December 2009 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ How it’s calculated:
Median price: Median price for the 12 months to August 2009
Average annual growth: Average percentage change over the past 10 years as a per annum figure
5-year growth: Median price percentage change over the past 5 years to August 2009
Weekly median advertised rent: Median price of rental listings for the 12 months to August 2009
Gross yield: Estimated rental return, based on advertised rent to median price
Popularity: 9% [?]
