Suburb Profile Report for Wongaling Beach QLD (4852)

Wongaling Beach House: Median price $470,000, Annual capital growth -0.27%, Number of sales 25, Weekly median advertised rent $400

Wongaling Beach Unit: Median price $200,000, Annual capital growth 0.12%, Number of sales 20, Weekly median advertised rent $250

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Wongaling Beach has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 34.29% to date .

Taking the average capital gain, or increase in median house value, Wongaling Beach,4852 has racked up an average of 34.29% over the period. This ranks it number 254th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Wongaling Beach should be aiming for at least -7.62% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.

Property investors should expect to get $400 weekly from the median priced house in this suburb.

If you compare the increase in value of investment property in Wongaling Beach, 4852 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 21.95%.

Wongaling Beach,4852 was ranked 62 in Australia by increase in median property value over the quarter.

In the last year 20 properties changed hands in Wongaling Beach, which puts it as the 237th most active market in QLD when comparing the number of sales per suburb.

Advertised rents are around the $250 mark per week – giving a return of 6.50% based on the median price in Suburb

Metrics i HOUSE UNIT
$470,000 $200,000
0.00% 11.11%
34.29% 21.95%
-0.27% 0.12%
$400 $250
25 20
4.43% 6.50%
187.714285714286 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Below average (U)
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Demographics
Total population 1063
Median household income ($/weekly) 1044
Median age of persons 43
Median housing loan repayment ($/monthly) 1517
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 122 11.5
    25-34 years 124 11.7
    35-44 years 135 12.7
    45-54 years 184 17.3
    55-64 years 178 16.7
    Others 321 30.2
    Age Group
    Census Count Percent(%)
    Registered Married 339 44.9
    Not Married 298 39.5
    Defacto Relationship 118 15.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 806 79.2
    China 6 0.6
    Papua New Guinea 44 4.3
    United Kingdom 76 7.5
    Other 32 3.1
    Others 54 5.3
    Country of Birth
    Census Count Percent(%)
    Christianity 643 65.4
    No Religion 320 32.6
    Buddhism 8 0.8
    Islam 7 0.7
    Other Religious Groups 5 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 34 8.9
    $600-$799 56 14.7
    $800-$999 41 10.7
    $1,000-$1,249 38 9.9
    $1,500-$1,999 51 13.4
    Others 162 42.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 336 40.6
    Not in the labour force 270 32.6
    Employed, worked part-time 166 20.0
    Unemployed, looking for work 30 3.6
    Employed, away from work 26 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 101 19.2
    Professionals 67 12.8
    Technicians & trades workers 89 17.0
    Community & personal service workers 59 11.2
    Labourers 72 13.7
    Others 137 26.1
    Occupation
    Census Count Percent(%)
    Pre-school 14 7.7
    Infants/Primary 78 42.9
    Secondary 60 33.0
    Technical or Further Educational Institution 18 9.9
    University or other Tertiary Institutions 9 4.9
    Others 3 1.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 751 77.6
    Flat, unit or apartment 192 19.8
    Caravan, cabin, houseboat 15 1.5
    Improvised home, tent, sleepers out 6 0.6
    Semi-detached, row or terrace house, townhouse 4 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 165 40.0
    Fully owned 141 34.1
    Being purchased 104 25.2
    Other tenure type 3 0.7
    Tenure Type
Census 2011, ABS
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