Suburb Profile Report for Wonga Park VIC (3115)

Wonga Park House: Median price $1,006,500, Annual capital growth 5.23%, Number of sales 28, Weekly median advertised rent $510

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

Source: CoreLogic

  • House Report

VIC has seen average median house prices change by 11.11% which means that Wonga Park, 3115 has done well for property investors by showing a capital gain of 11.83% over the last year

Comparing Wonga Park,3115 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Wonga Park 3115 should be seeing an average reduction in asking price of around -7.85% . This means that Wonga Park is holding prices well when compared to other suburbs in VIC.

In the last year 28 properties changed hands in Wonga Park, which puts it as the 537th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $510 mark per week – giving a return of 2.63% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,006,500 N/A
4.30% N/A
11.83% N/A
5.23% N/A
$510 N/A
28 N/A
2.63% N/A
41.23 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