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Wingeel, VIC 3321
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,095,000
Median Unit
$560,000
list-price estimate
Gross Yield (houses)
2.1%
1yr Growth
-
Investment snapshot for Wingeel
Wingeel has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Wingeel market and investor summary
Wingeel (VIC 3321) runs a median house price of $1.1M, with houses yielding a gross 2.1%. At 2.0% 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 2.1% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 2.0% and a resident base that is not shrinking.
Living in Wingeel: people, income and schools
Wingeel has a resident population of roughly 26, and the area has been growing steadily, up about 15% over five years. The median age is 38, broadly working-age, and 92% 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 $112,000 a year, or roughly $2,150 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 9.8 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
- Population
- 26
- +15% over 5yr
- Median age
- 38 years
- Median household income
- $112,000/yr
- Households renting
- 6%
- Family households
- 88%
- Socio-economic rank
- 9/10
- ABS advantage index
- Unemployment
- 2.9%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Wingeel
View all →Frequently asked questions about Wingeel
What should I check before investing in Wingeel?
Wingeel has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (2.0% 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 Wingeel?
The median property price in Wingeel, VIC 3321 is $1.1M for houses.
What rental yield does Wingeel show?
The gross rental yield in Wingeel is 2.1% 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 Wingeel?
The current vacancy rate in Wingeel is 2.0%. 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 Wingeel?
Wingeel has a population of approximately 26 residents, with a median age of 38.
Is Wingeel affordable to buy in?
A median house in Wingeel costs about 9.8 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 Wingeel's population growing?
The population of Wingeel has grown about 15% 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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