TONGALA ranks 638th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of -2.94% for the past year is lower than average compared to its 13.14% growth within a five-year period.
Also in TONGALA, the median home price is sitting at $198,000, and the average rent at $232.5, this suggests property owners could potentially earn a 6.11% increase in gross rental yield.
Property investors have seen a 1.54% gain in TONGALA based on an increase 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 2.01% growth over a ten-year period. It ranks 3009th on our list of suburbs that property investors should look into.