Suburb Profile Report for North Wonthaggi VIC (3995)

North Wonthaggi House: Median price $271,000, Annual capital growth 4.36%, Number of sales 81, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report

Property investors who have had real estate in North Wonthaggi, 3995 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.91%

If we look at median property appreciation over just the last three months, North Wonthaggi has given property investors a paper return of 0.00%. This puts Suburb as 542 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in North Wonthaggi should be aiming for at least -3.11% off the asking price, which is the average vendor discount being achieved at the moment.

A $250 per week rent on the median house gives suburb investors a gross yield of circa 4.80%, without taking into account capital value appreciation, which has been averaging out at 4.36%.

Metrics i HOUSE UNIT
$271,000 N/A
0.00% N/A
-0.91% N/A
4.36% N/A
$250 N/A
81 N/A
4.80% N/A
124.82 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 2525
Median household income ($/weekly) 939
Median age of persons 40
Median housing loan repayment ($/monthly) 1343
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 355 14.1
    35-44 years 333 13.2
    45-54 years 343 13.6
    55-64 years 282 11.2
    65-74 years 273 10.8
    Others 939 37.2
    Age Group
    Census Count Percent(%)
    Registered Married 965 53.0
    Not Married 693 38.0
    Defacto Relationship 164 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2062 85.9
    Japan 24 1.0
    Papua New Guinea 42 1.7
    United Kingdom 131 5.5
    Other 42 1.7
    Others 100 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 19 0.9
    Christianity 1497 67.2
    Hinduism 10 0.4
    Islam 10 0.4
    No Religion 687 30.8
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 127 15.4
    $600-$799 111 13.5
    $800-$999 86 10.4
    $1,000-$1,249 108 13.1
    $1,500-$1,999 88 10.7
    Others 303 36.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 788 41.7
    Employed, worked full-time 587 31.1
    Employed, worked part-time 387 20.5
    Employed, away from work 69 3.7
    Unemployed, looking for work 59 3.1
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 190 18.2
    Community & personal service workers 119 11.4
    Clerical & administrative workers 122 11.7
    Sales 142 13.6
    Labourers 161 15.4
    Others 309 29.6
    Occupation
    Census Count Percent(%)
    Pre-school 28 5.3
    Infants/Primary 219 41.2
    Secondary 181 34.0
    Technical or Further Educational Institution 57 10.7
    University or other Tertiary Institutions 27 5.1
    Others 20 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2283 96.1
    Semi-detached, row or terrace house, townhouse 61 2.6
    Flat, unit or apartment 32 1.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 389 43.6
    Being purchased 310 34.7
    Rented 189 21.2
    Other tenure type 5 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals