North Wonthaggi

POSTAL CODE: VIC, 3995

HOUSE

Property investors enjoyed capital gains of 8.22% over the last 12 months in NORTH WONTHAGGI, translating to lower returns compared with its peers in VIC.

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

This number can mean, real estate investors could earn a rental income of $510 based on current median home prices for the suburb.

On average, rents on listings have reached the $510 mark, reflecting a 4.58% increase in returns based on the current median price in NORTH WONTHAGGI.

NORTH WONTHAGGI, 3995 ranks 225th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 56th on the list of best yielding suburbs for rental properties in VIC, posting a 4.58% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$579,000	N/A
Growth Report
Median Quarterly	-1.86%	N/A
Median 12 month	8.22%	N/A
Median 3 years	-5.16%	N/A
Median 5 years	25.87%	N/A
10 years average annual	9.13%	N/A
Weekly media advert. rent	$510	N/A
Time on Market	68.6 days	N/A
Gross Rental Yield Percent	4.58%	N/A

Demographics (Median Values)*

Total Population 10173

Weekly Household Income 840

Household Size 2.20

Average Age 48

Monthly Loan Repayment 1300

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

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