Suburb Profile Report for Wonthaggi VIC (3995)

Wonthaggi House: Median price $298,000, Annual capital growth 3.30%, Number of sales 148, Weekly median advertised rent $260

Wonthaggi Unit: Median price $267,500, Annual capital growth 2.69%, Number of sales 48, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

Wonthaggi is in the bottom 30% in VIC when comparing median price capital growth over the last year. Wonthaggi gave property investors a disappointing capital gain figure when compared to the rest of the state, with 6.43%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wonthaggi has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Wonthaggi is offering property investors an average of -5.04. This rate of discount on properties puts Suburb at number 569th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.30%, investors should hope to achieve an overall return of 4.54%

Over the last year, property investments in Wonthaggi, 3995 have given investors a capital gain of 3.28%. This compares badly with the 8.36% for VIC as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Wonthaggi comes in at number 185th in VIC.

The most recent median price for Wonthaggi is $267500, with sellers offering an average of -3.96% off the asking price.

Situated 103.91km from the CBD, Wonthaggi is one of Bass Coast localities in the postcode 3995.

Metrics i HOUSE UNIT
$298,000 $267,500
2.23% 4.49%
6.43% 3.28%
3.30% 2.69%
$260 $270
148 48
4.54% 5.25%
79.78 100.05

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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