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Wongawallan

POSTAL CODE: QLD, 4210
HOUSE
WONGAWALLAN ranks 700th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 21.65% for the past year is higher than average compared to its 99.32% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in WONGAWALLAN, the median home price is sitting at $1,770,000, and the average rent at N/A, this suggests property owners could potentially earn a N/A increase in gross rental yield.

Property investors have seen a 4.12% gain in WONGAWALLAN based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on WONGAWALLAN, 4210 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 21.65%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 11.35% growth over a ten-year period. It ranks 4088th on our list of suburbs that property investors should look into.

Surburb overview

Wongawallan is a rural community on the Gold Coast, Queensland, Australia. It is approximately 67.8 kilometres southeast of Brisbane's central business district and about 27.7 kilometres northwest of Surfers Paradise.

As of the 2021 census, Wongawallan had a population of 1,415 residents. The area has experienced steady growth, with the population increasing from 1,103 in 2011 to 1,273 in 2016, reflecting a 13.6% increase. The predominant age group in Wongawallan is 40-49 years.

Public transportation options in Wongawallan are limited. Residents primarily rely on private vehicles for commuting, as there are no train stations within the locality. The nearest significant public transport facilities are in neighbouring suburbs such as Upper Coomera.

The suburb offers access to essential establishments in nearby areas. For shopping and services, residents often travel to Upper Coomera or Oxenford, where major supermarkets, pharmacies, and specialty shops are available. In terms of education, there are no schools in Wongawallan. The nearest government primary schools are Highlands Reserve State School and Upper Coomera State College in Upper Coomera, and Tamborine Mountain State School in Tamborine Mountain. Upper Coomera State College and Tamborine Mountain State High School are the closest options for secondary education.

Recreational activities are abundant in and around Wongawallan. The locality features numerous parks and reserves, including Welch Pioneer Park and Wongawallan Conservation Area, offering hiking, picnicking, and wildlife observation opportunities. The area's mountainous terrain and natural beauty provide a serene environment for outdoor enthusiasts.

In terms of property, Wongawallan has seen growth in recent years. The median sale price for houses is approximately $1,427,500, with an average annual increase of 10.93%. There were 22 house sales in the past 12 months, with properties spending an average of 34 days on the market.

Wongawallan presents a rural lifestyle with convenient access to urban amenities in neighbouring suburbs. Its growing population, family-oriented demographics, and access to recreational facilities make it a notable locality within the Gold Coast region.

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