Suburb Profile Report for Tongala VIC (3621)

Tongala House: Median price $218,000, Annual capital growth 4.40%, Number of sales 16, Weekly median advertised rent $223

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Tongala, 3621 have given investors a capital gain of 38.41%. This compares very favourably with the 8.06% for VIC as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tongala has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Tongala should be aiming for at least -3.09% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $222.5 and the average annual increase in value of a median property of 4.40%, investors should hope to achieve an overall return of 5.31%

HOUSE UNIT
$218,000 N/A
21.96% N/A
38.41% N/A
4.40% N/A
$223 N/A
16 N/A
5.31% N/A
76.81 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1869
Median household income ($/weekly) 834
Median age of persons 40
Median housing loan repayment ($/monthly) 1083
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 270 14.4
    25-34 years 193 10.3
    35-44 years 221 11.8
    45-54 years 223 11.9
    55-64 years 243 13.0
    Others 719 38.5
    Age Group
    Census Count Percent(%)
    Registered Married 622 48.0
    Not Married 522 40.3
    Defacto Relationship 152 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1672 94.4
    New Zealand 7 0.4
    Papua New Guinea 14 0.8
    Philippines 7 0.4
    United Kingdom 46 2.6
    Others 25 1.4
    Country of Birth
    Census Count Percent(%)
    Christianity 1245 73.3
    No Religion 442 26.0
    Buddhism 8 0.5
    Judaism 3 0.2
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 113 18.4
    $600-$799 82 13.3
    $800-$999 72 11.7
    $1,000-$1,249 65 10.6
    $1,500-$1,999 64 10.4
    Others 219 35.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 560 39.6
    Employed, worked full-time 472 33.4
    Employed, worked part-time 265 18.8
    Employed, away from work 66 4.7
    Unemployed, looking for work 50 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 142 17.8
    Technicians & trades workers 111 13.9
    Community & personal service workers 75 9.4
    Machinery operators & drivers 76 9.5
    Labourers 176 22.1
    Others 218 27.3
    Occupation
    Census Count Percent(%)
    Pre-school 22 5.6
    Infants/Primary 171 43.4
    Secondary 133 33.8
    Technical or Further Educational Institution 40 10.2
    University or other Tertiary Institutions 15 3.8
    Others 13 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1617 94.4
    Semi-detached, row or terrace house, townhouse 37 2.2
    Flat, unit or apartment 35 2.0
    Caravan, cabin, houseboat 16 0.9
    House or flat attached to a shop, office 8 0.5
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 278 41.5
    Fully owned 236 35.2
    Rented 148 22.1
    Other tenure type 8 1.2
    Tenure Type
Census 2011, ABS
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