Property investors who have had real estate in Wonga Park, 3115 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.57%
Taking the average capital gain, or increase in median house value, Wonga Park,3115 has racked up an average of 17.57% over the period. This ranks it number 1292th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Wonga Park 3115 should be seeing an average reduction in asking price of around -7.59% . This means that Wonga Park is holding prices well when compared to other suburbs in VIC.
In the last year 36 properties changed hands in Wonga Park, which puts it as the 492th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Wonga Park being $870000 and the advertised rent reaching $512.5 the gross rental yield for property investors calculates out to be 3.06%