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Wonga, VIC 3960

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$815,000

list-price estimate

Median Unit

$695,000

Gross Yield

-

1yr Growth

-

Investment snapshot for Wonga

Wonga has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Wonga market and investor summary

Wonga sits in VIC, postcode 3960. At 1.3% vacancy, it is a tight rental market that favours landlords.

Rental demand looks steady, with vacancy at 1.3% and a resident base that is not shrinking. Houses also take time to sell, around 461 days on market, so plan for a slower exit if you ever need one.

Living in Wonga: people, income and schools

Wonga has a resident population of roughly 44, a number that has held fairly steady over five years. The median age is 55, an older, established demographic, and families account for 68% of households.

Households here earn a median of about $59,000 a year, or roughly $1,130 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). Locally, around 35% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.

Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
44
+4% over 5yr
Median age
55 years
Median household income
$59,000/yr
Households renting
19%
Family households
68%
Socio-economic rank
4/10
ABS advantage index
Unemployment
2.7%

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Wonga

No properties currently listed in Wonga

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Frequently asked questions about Wonga

What should I check before investing in Wonga?

Wonga has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.3% 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 Wonga?

The median property price in Wonga, VIC 3960 is $695K for units.

How tight is the rental market in Wonga?

The current vacancy rate in Wonga is 1.3%. 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 Wonga?

Wonga has a population of approximately 44 residents, with a median age of 55.

Is Wonga's population growing?

The population of Wonga has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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