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Wonthaggi, VIC 3995
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$550,000
market range $525K-$600K
Median Unit
$400,000
market range $350K-$425K
Gross Yield (houses)
4.5%
1yr Growth (houses)
+1.4%
market range -2.5% to +5.0%
Investment snapshot for Wonthaggi
Wonthaggi has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Wonthaggi market and investor summary
Wonthaggi (VIC 3995) runs a median house price of $550K, with houses yielding a gross 4.5%. House prices have moved +1.4% over the past year and -0.5% over three years. At 0.8% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.5% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking. Houses also take time to sell, around 69 days on market, so plan for a slower exit if you ever need one.
Living in Wonthaggi: people, income and schools
Wonthaggi is home to around 5,215 people, and the area has been growing steadily, up about 14% over five years. The median age is 55, an older, established demographic, and families account for 55% of households.
Households here earn a median of about $44,000 a year, or roughly $850 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 12.4 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 35% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 8 schools within about 5km, testing close to the national school average on ICSEA. Some errands can be done on foot, though a car still helps; the suburb scores 69 for walkability and 4 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 5,215
- +14% over 5yr
- Median age
- 55 years
- Median household income
- $44,000/yr
- Households renting
- 29%
- Family households
- 55%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 8
- avg ICSEA 989
- Unemployment
- 3.4%
- Walk score
- 69/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Wonthaggi
No properties currently listed in Wonthaggi
Search Wonthaggi listings →Frequently asked questions about Wonthaggi
What should I check before investing in Wonthaggi?
Wonthaggi has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.5%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (0.8% 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 Wonthaggi?
The median property price in Wonthaggi, VIC 3995 is $550K for houses and $400K for units.
What rental yield does Wonthaggi show?
The gross rental yield in Wonthaggi is 4.5% for houses and 5.5% 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 Wonthaggi?
House prices in Wonthaggi are up 1.4% over the past year and down 0.5% over three years. 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 Wonthaggi?
The current vacancy rate in Wonthaggi is 0.8%. 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 Wonthaggi?
Wonthaggi has a population of approximately 5,215 residents, with a median age of 55.
What schools are near Wonthaggi?
There are 8 schools within roughly 5km of Wonthaggi. 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 Wonthaggi affordable to buy in?
A median house in Wonthaggi costs about 12.4 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 Wonthaggi's population growing?
The population of Wonthaggi has grown about 14% 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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