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North Wonthaggi
AREA REPORTS

North Wonthaggi

North Wonthaggi - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3995

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Property investors enjoyed capital gains of 11.18% 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.

The suburb posted a 39.97% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $370 based on current median home prices for the suburb.

On average, rents on listings have reached the $370 mark, reflecting a 4.45% increase in returns based on the current median price in NORTH WONTHAGGI.

NORTH WONTHAGGI, 3995 ranks 208th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 83rd on the list of best yielding suburbs for rental properties in VIC, posting a 4.45% return.

Data report can be found below

North Wonthaggi
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $432,500 N/A
GROWTH REPORT
Median Quarterly 2% N/A
Median 12 month 11.18% N/A
Median 3 years 39.97% N/A
Median 5 years 66.35% N/A
10 years average annual 4.31% N/A
Weekly media advert. rent $370 N/A
Time on Market 81.0 days N/A
Gross Rental Yield Percent 4.45% N/A
demographics (median values)*
Total Population
10173
Weekly Household Income
840
Household Size
2.20
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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