Suburb by suburb snapshot Wedderburn

Wedderburn is approximately 206.6 square kilometres and has 23 parks covering nearly 19.3 per cent of total area.

The population of Wedderburn in 2016 was 917 and by the 2021 Census the population was recorded at 951 showing a population increase of four per cent in the area during that time.

Wedderburn is a rural township on the Calder Highway, 70 km north-west of Bendigo and was founded on a gold field, one of the most north-westerly gold sites from Melbourne.

It’s nearest neighbouring towns are St Arnaud – also a former gold town and Charlton.

Gold was first discovered at Wedderburn in 1852 and the field was first known as Korong or Mount Korong.

The mount, 12 kilometres south-east of Wedderburn, is the tallest feature in the area and was climbed by the New South Wales Surveyor-General, Thomas Mitchell, during his Australia Felix expedition in 1836.

‘Korong’ is thought to be derived from an Aboriginal word meaning campsite, large swamp, or canoe.

The origin of Wedderburn’s name is slightly more confused, the most likely explanation is that a William Wedderburn served in the goldfields Mounted Police.

Wedderburn township was surveyed in 1856-57 and allotment sales began in 1858.

There had been a hotel built 1853, a Methodist chapel constructed in 1857 and several stores at the time of the survey.

Gold was obtained from numerous alluvial gullies, and the number and size of nuggets drew many miners.

Between about 1855 and the 1890s quartz reefs were worked, and steadily outproduced the alluvial sites.

In 1862 the Kingower and Wedderburne Road District was proclaimed, in turn becoming Korong Shire on 6 September 1864.

Wedderburn’s most famous personality was Victoria Cross Winner Albert Jacka who attended the local school and enlisted for World War One from Wedderburn

Wedderburn has been the administrative centre of the shire throughout its existence.

Farm selections were taken up in the 1870s, and the district’s rainfall was suitable for wheat. A flour mill was opened in 1880, becoming a major local employer until destroyed by fire in 1919.

Two years after the mill was opened the railway line was extended from Inglewood with a station at Wedderburn Junction, eight kilometres east of Wedderburn and a spur line between the two Wedderburns was opened in 1887.

CoreLogic data indicates that the predominant age group in Wedderburn is 50-59 years with households primarily childless couples and are likely to be repaying $800 to $1000 per month on mortgages.

In general, people in Wedderburn work in a managers occupation or are self-employed.

TITBIT:

Gold was first discovered at Wedderburn in 1852 and the field was first known as Korong or Mount Korong.

 

Population: 951

Male: 50.2%

Female: 49.8%

Median age: 58

5-year population change: 4%

House median value: $278,000

Change in Median Price: (5yrs) is 109%

Median asking rent per week: $285

Average length of ownership: 9 years

Owner occupiers: 86%

Renters: 14%

 

House median sale price:

October 2022: $350,000

October 2021: $177,500

October 2020: $140,000

October 2019: $137,000

October 2018: $137,500

 

House sales per annum:

Period ending October 2022: 11

Period ending October 2021: 28

 

Land median sale price:

October 2022: $150,000

October 2021: $82,000

 

Land sales per annum:

Period ending October 2022: 17

Period ending October 2021: 18