Wonga Beach

POSTAL CODE: QLD, 4873

HOUSE

WONGA BEACH, 4873 ranks 241st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 28.6% for property investors.

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

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $580,000.

The upward trend in home prices in WONGA BEACH, 4873 averaged 7.8% per annum over a 3-year period.

Average weekly rents on listings have reached the $525 mark, reflecting a 4.71% increase in returns based on the current median price in WONGA BEACH.

An average of 2.75 real estate transactions take place per month in WONGA BEACH which translates to 33 per annum.

33 properties were sold in WONGA BEACH in 2016, making it the 409th most active market in QLD based on total real estate transactions.

WONGA BEACH, 4873 places 629th 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	$580,000	N/A
Growth Report
Median Quarterly	1.75%	N/A
Median 12 month	28.6%	N/A
Median 3 years	23.4%	N/A
Median 5 years	81.25%	N/A
10 years average annual	7.3%	N/A
Weekly media advert. rent	$525	N/A
Time on Market	102.8 days	N/A
Gross Rental Yield Percent	4.71%	N/A

Demographics (Median Values)*

Total Population n.a.

Weekly Household Income n.a.

Household Size n.a.

Average Age n.a.

Monthly Loan Repayment n.a.

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

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