Tongala

POSTAL CODE: VIC, 3621

HOUSE

TONGALA ranks 219th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of -5.94% for the past year is lower than average compared to its 73.91% growth within a five-year period.

Also in TONGALA, the median home price is sitting at $420,000, and the average rent at N/A, this suggests property owners could potentially earn a N/A increase in gross rental yield.

Property investors have seen a -1.18% drop in TONGALA based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 11.91% growth over a ten-year period. It ranks 4029th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$420,000	N/A
Growth Report
Median Quarterly	-1.18%	N/A
Median 12 month	-5.94%	N/A
Median 3 years	20%	N/A
Median 5 years	73.91%	N/A
10 years average annual	11.91%	N/A
Weekly media advert. rent	N/A	N/A
Time on Market	57.9 days	N/A
Gross Rental Yield Percent	0%	N/A

Demographics (Median Values)*

Total Population 2368

Weekly Household Income 1076

Household Size 2.50

Average 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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