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.