5 Mcpherson Place, Werribee, Vic 3030
$1,450,000 - $1,550,000
5 3 2
Open Saturday 19 September 12:00 pmOriginally a rural sheep run and agricultural hub, Werribee was transformed by the Chirnside family who built the iconic Werribee Park Mansion in the 1870s. It served as a vital halfway point between Melbourne and Geelong, evolving from a satellite township into a major metropolitan activity centre. The mid-20th century saw significant growth with the establishment of the State Research Farm and the Melbourne Water treatment facilities.
Today, Werribee is a diverse, self-sustaining regional city within the metropolitan fringe, characterized by a mix of historic residential pockets and sprawling new estates.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Werribee acts as the capital of the New West. It is no longer just a commuter suburb but a regional city with its own internal economy, making it more resilient to market fluctuations than purely residential fringes.
$580k – $950k
$390k – $510k
12-month movement
Current asking rents
While prices have stabilized, the 'Old Werribee' pocket (south of the highway) commands a significant premium due to school zoning and larger land components.
Price comparison
Median price ÷ median income
Estimated rental yield
Werribee remains one of the few suburbs within 35km of the CBD where a detached house on a full block is achievable for under $700k.
Lower = tighter market
Avg time on market
Annual rental increase
Young families, healthcare workers from Mercy Hospital, and students/staff from the University precinct.
Strong cash flow potential with low vacancy. Capital growth is steady rather than explosive, but the rental floor is supported by the massive local employment base.
Expect consistent mid-single-digit growth. The 'gentrification' of the CBD precinct and the development of the employment cluster will likely decouple Werribee from the general 'outer-fringe' market.
vs last 12 months
Relative comparison
Focus on residential streets away from the immediate vicinity of the Werribee Railway Station and the Plaza, which see higher rates of opportunistic crime.
The primary physical risk is flooding from the Werribee River and associated drainage issues on the flat basalt plain. Economic risk is tied to the high volume of competing new-build stock nearby.
Significant portions of the suburb are subject to LSIO and SBO. Check the Wyndham Planning Scheme maps specifically.
Low risk for the main township; moderate risk on the rural-urban fringe to the west.
Expect higher premiums for properties within the LSIO; some insurers may decline flood cover for specific river-adjacent lots.
LSIO (Land Subject to Inundation), SBO (Special Building Overlay), DDO (Design and Development Overlay)
Werribee CBD (high-density residential) and the West Werribee growth corridor.
Overlays here are not just bureaucratic; they significantly impact the cost of building (e.g., requirement for raised floor levels).
Dual access via Princes Fwy and Werribee/Metro train line. Bus network is extensive but slow.
High. Pacific Werribee is a major regional shopping destination. Watton Street offers a 'main street' feel.
Excellent. Werribee River Park, Presidents Park, and the Mansion grounds provide diverse outdoor options.
Top-tier. Suzanne Cory (Selective), MacKillop College, and Werribee Secondary are highly sought after.
Superior for the region, anchored by Werribee Mercy and St Vincent’s Private.
A multicultural family-dominated suburb with a strong working-class heritage transitioning to professional services.
The young demographic ensures long-term demand for schools and childcare, supporting property values in family-friendly pockets.
The East Werribee Employment Precinct is the most significant project, aimed at creating 50,000+ jobs.
Residents value the 'everything you need' nature of the suburb and the river walks, though frustration with freeway traffic is a common theme.
The schools here are the biggest drawcard; getting my kids into Werribee Secondary was a game-changer for our property value.
The train is reliable, but if you have to drive into the city via the West Gate, be prepared for a long morning.
We could never have afforded a 4-bedroom house with a backyard this close to a hospital anywhere else in Melbourne.
Vacancy is non-existent. I've had the same tenants for 4 years and they love being near the Plaza.
Be careful with the ground here; the clay is heavy and I've seen plenty of houses with cracked walls because of it.
Walking along the river in the morning is beautiful, and having the hospital so close gives us peace of mind.
Position the property as a 'strategic family asset' rather than just a home. Emphasize the proximity to the health and education precinct to attract both owner-occupiers and savvy investors.
High-yield family rental with low vacancy risk.
Over-capitalizing on renovations in a price-sensitive market; flood insurance costs.
Affordable rents for large homes; great local amenities.
Commute times can be unpredictable; some older homes lack modern insulation.
Strict adherence to Victorian rental minimum standards (heating, electrical, gas safety) is mandatory and strictly enforced in this council area.
The '15-Minute City'—work, school, and play all within Werribee.
Young families from the inner-west looking for their 'forever' backyard.
This report is based on data available as of 2026-03-02. It is intended for informational purposes only and does not constitute financial or legal advice. Property markets are subject to change, and individual due diligence is essential.
$1,450,000 - $1,550,000
5 3 2
Open Saturday 19 September 12:00 pmReal Search makes searching for your new home easy with properties for sale in Werribee VIC 3030 and properties for rent in Werribee VIC 3030. Are you looking for specific type of property? Real Search has units for sale in Werribee VIC 3030 and houses for sale in Werribee VIC 3030. Real Search also provides 1 bedroom unit for sale in Werribee VIC 3030, 2 bedroom unit for sale in Werribee VIC 3030 & 3 bedroom unit for sale in Werribee VIC 3030. Find best real estate agents in Werribee VIC 3030. You can also check real estate agencies in Werribee VIC 3030. Research the property market of Werribee VIC 3030 with a property report and suburb profile report on Real Search.