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Tongala
AREA REPORTS

Tongala

Tongala - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3621

house
TONGALA ranks 609th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 32.35% for the past year is higher than average compared to its 75.61% 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 TONGALA, the median home price is sitting at $315,000, and the average rent at $280, this suggests property owners could potentially earn a 4.62% increase in gross rental yield.

Property investors have seen a -3.08% drop in TONGALA based on a decrease in median home prices for the past three months.

They believe that homeowners and real estate investors betting on TONGALA, 3621 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 32.35%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 8.44% growth over a ten-year period. It ranks 633rd on our list of suburbs that property investors should look into.

Data report can be found below

Tongala
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $315,000 N/A
GROWTH REPORT
Median Quarterly -3.08% N/A
Median 12 month 32.35% N/A
Median 3 years 17.76% N/A
Median 5 years 75.61% N/A
10 years average annual 8.44% N/A
Weekly media advert. rent $280 N/A
Time on Market 55.1 days N/A
Gross Rental Yield Percent 4.62% N/A
demographics (median values)*
Total Population
2368
Weekly Household Income
1076
Household Size
2.50
Age
42
Monthly Loan Repayment
1127
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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