Suburb Profile Report for Wongaling Beach QLD (4852)

Wongaling Beach House: Median price $309,500, Annual capital growth 4.39%, Number of sales 24, Weekly median advertised rent $340

Wongaling Beach Unit: Median price $245,000, Annual capital growth 11.91%, Number of sales 16, Weekly median advertised rent $260

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Wongaling Beach, 4852 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.21%

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Wongaling Beach itself are offering an average vendor discount of -12.47% to real estate investors.

Situated 1275.75km from the CBD, Wongaling Beach is one of Cassowary Coast localities in the postcode 4852.

Giving property investors a a solid capital gain of 18.07% for the last year, Wongaling Beach, 4852 is the 146th highest performer in Australia in this respect.

Across a shorter period, Wongaling Beach, 4852 has seen a median price increase of 8.89% over the last quarter.

Vendor discounting in Wongaling Beach is giving property investors an average Vendor Discount of around -11.37%. This puts suburb at number 14th in QLD when ranking the most discounted suburbs.

Advertised rents are around the $260 mark per week – giving a return of 5.52% based on the median price in Suburb

HOUSE UNIT
$309,500 $245,000
-2.98% 8.89%
-6.21% 18.07%
4.39% 11.91%
$340 $260
24 16
5.71% 5.52%
152.05 190.08

Source: CoreLogic

DSR Score for property investment : Poor (H), Poor (U)
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Demographics
Total population 1063
Median household income ($/weekly) 1044
Median age of persons 43
Median housing loan repayment ($/monthly) 1517
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 122 11.5
    25-34 years 124 11.7
    35-44 years 135 12.7
    45-54 years 184 17.3
    55-64 years 178 16.7
    Others 321 30.2
    Age Group
    Census Count Percent(%)
    Registered Married 339 44.9
    Not Married 298 39.5
    Defacto Relationship 118 15.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 806 79.2
    China 6 0.6
    Papua New Guinea 44 4.3
    United Kingdom 76 7.5
    Other 32 3.1
    Others 54 5.3
    Country of Birth
    Census Count Percent(%)
    Christianity 643 65.4
    No Religion 320 32.6
    Buddhism 8 0.8
    Islam 7 0.7
    Other Religious Groups 5 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 34 8.9
    $600-$799 56 14.7
    $800-$999 41 10.7
    $1,000-$1,249 38 9.9
    $1,500-$1,999 51 13.4
    Others 162 42.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 336 40.6
    Not in the labour force 270 32.6
    Employed, worked part-time 166 20.0
    Unemployed, looking for work 30 3.6
    Employed, away from work 26 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 101 19.2
    Professionals 67 12.8
    Technicians & trades workers 89 17.0
    Community & personal service workers 59 11.2
    Labourers 72 13.7
    Others 137 26.1
    Occupation
    Census Count Percent(%)
    Pre-school 14 7.7
    Infants/Primary 78 42.9
    Secondary 60 33.0
    Technical or Further Educational Institution 18 9.9
    University or other Tertiary Institutions 9 4.9
    Others 3 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 751 77.6
    Flat, unit or apartment 192 19.8
    Caravan, cabin, houseboat 15 1.5
    Improvised home, tent, sleepers out 6 0.6
    Semi-detached, row or terrace house, townhouse 4 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 165 40.0
    Fully owned 141 34.1
    Being purchased 104 25.2
    Other tenure type 3 0.7
    Tenure Type
Census 2011, ABS
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