37 Kookaburra Avenue, Werribee VIC 3030
37 Kookaburra Avenue, Werribee VIC 3030
652m² block|3 bdr family layout|school catchment|investor-friendly|rare land holding
The property offers a genuinely rare configuration for Werribee: a detached house on a substantial 652 square metre lot, providing far more land than most contemporary suburban offerings. Its three-bedroom, two-bathroom layout with four to five parking spaces is practical and well-suited to families who need room for multiple vehicles, a workshop, or an extended outdoor area. The house sits within a quiet, established pocket that is close to a government primary school and a short distance from secondary schooling options, which strengthens its appeal to owner-occupiers. For investors, the combination of a low-maintenance dwelling, a solid yield profile, and brisk market conditions in Werribee makes it a straightforward rental proposition. The property is best suited to first home buyers, downsizers, and investors looking for land value in a mature residential street, rather than buyers seeking a premium or newly built home. Its larger block size sets it apart from many nearby infill properties and gives it a degree of scarcity that typically supports long-term value retention.
The dwelling’s age, internal condition, and presentation may materially affect the final sale price, since the available data does not confirm any recent renovation or upgrade. The family-home competition in the area might push a buyer to pay a slight premium for a neat, move-in-ready interior, or discount if the kitchen, bathroom, or flooring need attention. Land size and layout are strong positives, but the house’s original state could become the key negotiation point. A thorough building and pest inspection is advised to clarify the cost of any deferred maintenance. The property’s market position appears stable, yet a slower buyer pool or changes in financing environment could temper demand, so a benchmark for price should be set after direct inspection.
Detailed Independent Property Report prepared by PropCred Analyst team for 37 Kookaburra Avenue, Werribee VIC 3030
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Werribee is an affordable, family-friendly suburb positioned near the coast with efficient CBD commutes and ample schools, parks and retail. Demand is driven by owner-occupiers and investors attracted to its urban-amenity-plus-natural-setting balance, though growth has flatlined over three years. Median house price is $645,000 with 5.39% annual growth; units are $460,000 at 6.98%. Homes sell in 25 days, with 1,119 house sales in the past year, reflecting steady turnover. Gross rental yields are modest—houses 3.76%, units 4.78%—with weekly rents of $460 and $425. Vacancy sits at 2.03%, indicating balanced rental demand. The -2.89% vendor discount signals a buyer’s market, while significant local development positions the suburb for future gains, tempered by a recent price plateau.
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PropCred Estimated Value
Comparable Sales: 37 Kookaburra Avenue (2020 sold $535k) | Property Price Band: $600k–$700k | Value Drivers: land size, layout, school proximity
Bedrooms
3
Bathroom
2
Parking
3
Land
652m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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