Suburb Profile Report for Wonthaggi VIC (3995)

Wonthaggi House: Median price $252,000, Annual capital growth 2.56%, Number of sales 127, Weekly median advertised rent $250

Wonthaggi Unit: Median price $237,000, Annual capital growth 1.06%, Number of sales 38, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Wonthaggi, 3995 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -6.67%.

Comparing Wonthaggi,3995 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Our latest figures would indicate that property sellers in Wonthaggi are currently offering property investors an average price cut of -6.30% below the asking price at the moment.

At number 2988 in a list of fastest selling suburbs, Wonthaggi is in the bottom 30% of suburbs in Australia with an average of days on market 112.83 for properties listed there.

Advertised rents are around the $250 mark per week – giving a return of 5.16% based on the median price in Suburb

If you compare the increase in value of investment property in Wonthaggi, 3995 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.95%.

Wonthaggi,3995 was ranked 767 in Australia by increase in median property value over the quarter.

Property buyers and investors in Wonthaggi 3995 should be seeing an average reduction in asking price of around -6.11% . This means that Wonthaggi is holding prices well when compared to other suburbs in VIC.

HOUSE UNIT
$252,000 $237,000
0.80% 0.53%
-6.67% 3.95%
2.56% 1.06%
$250 $250
127 38
5.16% 5.49%
112.83 128.95

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 4354
Median household income ($/weekly) 675
Median age of persons 48
Median housing loan repayment ($/monthly) 1192
Average household size 2.1
  • Census Count Percent(%)
    35-44 years 451 10.4
    45-54 years 545 12.5
    55-64 years 573 13.2
    65-74 years 559 12.8
    75-84 years 480 11.0
    Others 1746 40.1
    Age Group
    Census Count Percent(%)
    Not Married 1602 49.8
    Registered Married 1357 42.1
    Defacto Relationship 261 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3467 84.9
    Japan 80 2.0
    Papua New Guinea 51 1.2
    United Kingdom 268 6.6
    Other 78 1.9
    Others 140 3.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 39 1.0
    Christianity 2679 68.4
    Islam 9 0.2
    Other Religious Groups 14 0.4
    No Religion 1162 29.7
    Others 12 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 280 16.6
    $400-$599 322 19.1
    $600-$799 217 12.8
    $800-$999 149 8.8
    $1,500-$1,999 134 7.9
    Others 587 34.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1695 49.9
    Employed, worked full-time 863 25.4
    Employed, worked part-time 619 18.2
    Employed, away from work 121 3.6
    Unemployed, looking for work 101 3.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 184 11.5
    Technicians & trades workers 261 16.3
    Community & personal service workers 192 12.0
    Sales 200 12.5
    Labourers 319 19.9
    Others 444 27.8
    Occupation
    Census Count Percent(%)
    Pre-school 53 7.1
    Infants/Primary 265 35.6
    Secondary 271 36.4
    Technical or Further Educational Institution 77 10.3
    University or other Tertiary Institutions 44 5.9
    Others 35 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3315 84.0
    Semi-detached, row or terrace house, townhouse 322 8.2
    Flat, unit or apartment 283 7.2
    Caravan, cabin, houseboat 24 0.6
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 802 44.4
    Rented 597 33.0
    Being purchased 395 21.9
    Other tenure type 13 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals