Suburb Profile Report for Wonga Park VIC (3115)

Wonga Park House: Median price $965,000, Annual capital growth 5.59%, Number of sales 27, Weekly median advertised rent $540

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

Source: CoreLogic

  • House Report

Investment property in Wonga Park has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.90%

If we look at median property appreciation over just the last three months, Wonga Park has given property investors a paper return of 3.71%. This puts Suburb as 241 on a list of fastest fasting appreciating suburbs in VIC

Advertised rents are around the $540 mark per week – giving a return of 2.91% based on the median price in Suburb

Metrics i HOUSE UNIT
$965,000 N/A
3.71% N/A
17.90% N/A
5.59% N/A
$540 N/A
27 N/A
2.91% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3833
Median household income ($/weekly) 2219
Median age of persons 40
Median housing loan repayment ($/monthly) 2000
Average household size 3.2
  • Census Count Percent(%)
    5-14 years 603 15.7
    15-19 years 393 10.3
    35-44 years 528 13.8
    45-54 years 764 19.9
    55-64 years 504 13.1
    Others 1042 27.2
    Age Group
    Census Count Percent(%)
    Registered Married 1810 62.7
    Not Married 953 33.0
    Defacto Relationship 126 4.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3225 86.1
    Japan 28 0.7
    Papua New Guinea 31 0.8
    United Kingdom 225 6.0
    Other 58 1.5
    Others 177 4.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 26 0.7
    Christianity 2441 69.3
    Islam 9 0.3
    Other Religious Groups 10 0.3
    No Religion 1031 29.3
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 137 13.4
    $2,000-$2,499 111 10.9
    $2,500-$2,999 167 16.3
    $3,000-$3,499 113 11.1
    $4,000 or more 103 10.1
    Others 391 38.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1264 42.3
    Employed, worked part-time 775 25.9
    Not in the labour force 761 25.5
    Employed, away from work 120 4.0
    Unemployed, looking for work 68 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 393 18.2
    Professionals 447 20.7
    Technicians & trades workers 328 15.2
    Clerical & administrative workers 367 17.0
    Sales 228 10.5
    Others 399 18.5
    Occupation
    Census Count Percent(%)
    Pre-school 71 6.1
    Infants/Primary 384 33.0
    Secondary 403 34.7
    Technical or Further Educational Institution 87 7.5
    University or other Tertiary Institutions 182 15.7
    Others 35 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3701 99.9
    Flat, unit or apartment 5 0.1
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 606 52.8
    Fully owned 460 40.1
    Rented 77 6.7
    Other tenure type 5 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals