Over the last year, property investments in Wonga Park, 3115 have given investors a capital gain of 12.41%. This compares favourably with the 8.62% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wonga Park has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wonga Park, 3115. Typically our figures indicate that -5.35% is being offered, which puts this VIC suburb at 2063th most discounted overall in Australia.
A $520 per week rent on the median house gives suburb investors a gross yield of circa 2.59%, without taking into account capital value appreciation, which has been averaging out at 5.25%.