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 16.3%.

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 89.8 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 221st on the list of best yielding suburbs for rental properties in QLD, posting a 4.31% return.

Wongaling Beach, 4852 ranks 104th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 30% 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 10.64% per annum over a 3-year period.

Average weekly rents on listings have reached the $407.5 mark, reflecting a 6.79% increase in returns based on the current median price in Wongaling Beach.

An average of 1.92 real estate transactions take place per month in Wongaling Beach which translates to 23 per annum.

23 properties were sold in Wongaling Beach during the past year, making it the 245th most active market in QLD based on total real estate transactions.

Wongaling Beach, 4852 places th 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	$312,000
Growth Report
Median Quarterly	-0.63%	0%
Median 12 month	16.3%	30%
Median 3 years	53.92%	31.92%
Median 5 years	76.4%	22.35%
10 years average annual	9.85%	5.29%
Weekly media advert. rent	$650	$408
Time on Market	89.8 days	69.2 days
Gross Rental Yield Percent	4.31%	6.79%

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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