Wongaling Beach

POSTAL CODE: QLD, 4852

HOUSE

UNIT

Property investments in Wongaling Beach fare well against the rest of the country last year, registering a median home price increase of 20.77%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains Wongaling Beach, 4852 saw average growth in the long term.

Real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 84.8 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $785,000.

Wongaling Beach ranks 219th on the list of best yielding suburbs for rental properties in QLD, posting a 4.31% return.

Wongaling Beach, 4852 ranks 170th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 26% for property investors last year.

Based on its average 5-year and quarterly capital gains Wongaling Beach, 4852 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in Wongaling Beach, 4852 averaged 9.7% per annum over a 3-year period.

Average weekly rents on listings have reached the $415 mark, reflecting a 6.85% increase in returns based on the current median price in Wongaling Beach.

An average of 2.08 real estate transactions take place per month in Wongaling Beach which translates to 25 per annum.

25 properties were sold in Wongaling Beach during the past year, making it the 222nd most active market in QLD based on total real estate transactions.

Wongaling Beach, 4852 places 372nd in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$785,000	$315,000
Growth Report
Median Quarterly	-0.63%	-3.08%
Median 12 month	20.77%	26%
Median 3 years	50.24%	29.1%
Median 5 years	74.44%	11.5%
10 years average annual	9.58%	5.85%
Weekly media advert. rent	$650	$415
Time on Market	84.8 days	66.6 days
Gross Rental Yield Percent	4.31%	6.85%

Demographics (Median Values)*

Total Population 993

Weekly Household Income 814.2

Household Size 2.30

Average Age 41

Monthly Loan Repayment 1083

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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