Suburb Profile Report for Wongaling Beach QLD (4852)

Wongaling Beach House: Median price $380,000, Annual capital growth 9.17%, Number of sales 17, Weekly median advertised rent $343

Wongaling Beach Unit: Median price $245,000, Annual capital growth 14.61%, Number of sales 11, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Wongaling Beach has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 18.75% to date .

Property buyers and investors in Wongaling Beach 4852 should be seeing an average reduction in asking price of around -12.04% . This means that Wongaling Beach is holding prices well when compared to other suburbs in QLD.

Property investors should expect to get $342.5 weekly from the median priced house in this suburb.

With a capital gain of 11.36% for the last 12 months, Wongaling Beach, 4852 has performed for property investments than its average annual 14.61% property growth over the last 5 years.

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Wongaling Beach itself are offering an average vendor discount of -9.55% to real estate investors.

On average over the past year, suburb has had 0.92 sales per month, which equates to 11 per year.

With the median price for a house in Wongaling Beach being $245000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 5.31%

HOUSE UNIT
$380,000 $245,000
17.10% N/A
18.75% 11.36%
9.17% 14.61%
$343 $250
17 11
4.69% 5.31%
143 190.08

Source: CoreLogic

DSR Score for property investment : Below average (U), Poor (H)
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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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