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Tongio, VIC 3896
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,100,000
Median Unit
$270,000
list-price estimate
Gross Yield (houses)
1.7%
1yr Growth
-
Investment snapshot for Tongio
Tongio has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Tongio market and investor summary
Tongio (VIC 3896) runs a median house price of $1.1M, with houses yielding a gross 1.7%. At 1.9% 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 1.7% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.9% and a resident base that is not shrinking.
Living in Tongio: people, income and schools
About 50 people live in Tongio, and the area has been growing steadily, up about 6% over five years. The median age is 57, an older, established demographic, and 81% 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 $67,000 a year, or roughly $1,280 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 16.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 35% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 50
- +6% over 5yr
- Median age
- 57 years
- Median household income
- $67,000/yr
- Households renting
- 12%
- Family households
- 67%
- Socio-economic rank
- 4/10
- ABS advantage index
- Unemployment
- 2.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Tongio
No properties currently listed in Tongio
Search Tongio listings →Frequently asked questions about Tongio
What should I check before investing in Tongio?
Tongio has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.9% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Tongio?
The median property price in Tongio, VIC 3896 is $1.1M for houses.
What rental yield does Tongio show?
The gross rental yield in Tongio is 1.7% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Tongio?
The current vacancy rate in Tongio is 1.9%. 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 Tongio?
Tongio has a population of approximately 50 residents, with a median age of 57.
Is Tongio affordable to buy in?
A median house in Tongio costs about 16.5 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Tongio's population growing?
The population of Tongio has grown about 6% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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