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Tongala, VIC 3621
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$805,000
list-price estimate
Median Unit
$255,000
market range $225K-$450K
Gross Yield (houses)
2.5%
1yr Growth (houses)
+11.8%
market range +5.0% to +17.5%
Investment snapshot for Tongala
Tongala has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Tongala market and investor summary
In Tongala, VIC 3621, houses show a gross rental yield of 2.5%. House prices have moved +11.8% over the past year. At 0.3% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.5% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 81 days on market, so plan for a slower exit if you ever need one.
Living in Tongala: people, income and schools
Tongala has a resident population of roughly 1,973, a count that has slipped about 3% over five years. The median age is 41, skewed a little older, and 73% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $63,000 a year, or roughly $1,220 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
There are 2 schools within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 44 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 1,973
- -3% over 5yr
- Median age
- 41 years
- Median household income
- $63,000/yr
- Households renting
- 22%
- Family households
- 66%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 1003
- Unemployment
- 3.2%
- Walk score
- 44/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Tongala
No properties currently listed in Tongala
Search Tongala listings →Frequently asked questions about Tongala
What should I check before investing in Tongala?
Tongala has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.8%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +11.8% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Tongala?
The median property price in Tongala, VIC 3621 is $255K for units.
What rental yield does Tongala show?
The gross rental yield in Tongala is 2.5% for houses and 5.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Tongala?
House prices in Tongala are up 11.8% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Tongala?
The current vacancy rate in Tongala is 0.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Tongala?
Tongala has a population of approximately 1,973 residents, with a median age of 41.
What schools are near Tongala?
There are 2 schools within roughly 5km of Tongala. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Tongala's population growing?
The population of Tongala has fallen about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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