AREA REPORTS

Wonga Park

 

 

VIC/
Wonga park

Suburb Profile

Wonga Park - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3115

house

Based on its average 5-year and quarterly capital gains WONGA PARK, 3115 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that WONGA PARK, 3115 obtained a 6.58% growth over a ten-year period. It ranks 1205th on our list of suburbs that property investors should look into.

WONGA PARK, 3115 in VIC belongs to the local government area of Manningham (C).

WONGA PARK, 3115 has a capital gain of 19.31% for the past year, which is higher than average compared to its 73.78% growth within a five-year period.

With the median home price in WONGA PARK sitting at $1,180,000, and the average rent at $540, property owners could potentially earn a 2.38% increase in gross rental yield.

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

A 19.31% increase in median property prices in WONGA PARK, 3115 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 65th.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,180,000 N/A
GROWTH REPORT
Median Quarterly 12.81% N/A
Median 12 month 19.31% N/A
Median 3 years 58.92% N/A
Median 5 years 73.78% N/A
10 years average annual 6.58% N/A
Weekly media advert. rent $540 N/A
Time on Market 35.8 days N/A
Gross Rental Yield Percent 2.38% N/A
demographics (median values)
Total Population
3507
Weekly Household Income
1830
Household Size
3.40
demographics
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