Suburb Profile Report for Wonthaggi VIC (3995)

Wonthaggi House: Median price $280,000, Annual capital growth 3.37%, Number of sales 116, Weekly median advertised rent $270

Wonthaggi Unit: Median price $255,000, Annual capital growth 2.38%, Number of sales 40, Weekly median advertised rent $250

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 9.80% for the last year, Wonthaggi, 3995 is the 1263th highest performer in Australia in this respect.

A 8.95% growth in median value for property investors in Wonthaggi,3995 puts this suburb at number 58th in terms of best performing suburbs in VIC

Property buyers and investors in Wonthaggi 3995 should be seeing an average reduction in asking price of around -5.16% . This means that Wonthaggi is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 9.67 sales per month, which equates to 116 per year.

Renters in Suburb are facing rents around $3240 per annum or $270 every week.

At number 361th in the list of Australian suburbs ordered by increase in median house value over the last year, Wonthaggi, 3995 is in the top 30% with a property value increase of 10.87% recorded in median house prices.

The five-year average increase in median property values for Wonthaggi,3995 has given property investors a potential capital gain of 3.03% across each of those five years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Wonthaggi itself are offering an average vendor discount of -5.76% to real estate investors.

Renters in Suburb are facing rents around $3000 per annum or $250 every week.

Metrics i HOUSE UNIT
$280,000 $255,000
6.97% 7.10%
9.80% 10.87%
3.37% 2.38%
$270 $250
116 40
5.01% 5.10%
91.42 136.06

Source: CoreLogic

DSR Score for property investment : Above average (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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