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North Wonthaggi, VIC 3995

Home » VIC Real Estate Data » Bass Coast Shire, VIC » North Wonthaggi, VIC 3995

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for North Wonthaggi, VIC 3995 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “North Wonthaggi, VIC 3995”

  1. The total adult population (15 years or older) of North Wonthaggi 3995 VIC is 2,860, with a median age of 42. Of those, 45.35% are married, 13.46% are divorced or separated, 35.49% are single and 5.59% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $5,580. The median monthly mortgage repayment for households in this suburb is $1,300 which is 23.30% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in VIC, the suburb of NORTH WONTHAGGI 3995 is a vibrant neighbourhood with approximately 1968 households recorded in Q3 of 2023. The established property market within this suburb offers several attractive prospects for both seasoned investors and potential homeowners.

    As the housing market stands, average property prices in NORTH WONTHAGGI 3995 are at an accessible $684,686. Median weekly rent keeps in step at $430, which corresponds to a rewarding indicative yield of 3.27%, making it appealing to cashflow-centric investors.

    Reflecting on the socio-economic caliber of the area, the Suburb scores a solid 909 out of a possible 1217 on the IRSAD ranking. This high score presents an indication of the area’s relative wealth, professional opportunities, and economic fortunes.

    Rental investors will be pleased to learn the renter to owner ratio in the suburb is favourable at 20%. This ratio suggests a healthy market balance that avoids saturation and competition among property investors while enhancing long-term returns.

    Keeping competition in check, the units to houses ratio at a modest 5% effortlessly safeguards against oversaturation in the rental market. This ratio indicates that NORTH WONTHAGGI maintains its appeal for families, known for constituting long-term tenancies, adding to potential investment stability.

    However, it’s worth noting the affordability index in NORTH WONTHAGGI is at 48 years. This implies a higher barrier to entry for potential homebuyers when compared to average suburbs, though it signifies opportunities for rental investment as more residents may lean towards renting.

    Currently, the stock on market Percentage for houses stands at slightly high 3.51%. Though a bit higher than preferred, investors are availed with an array of choices. With an inventory level for houses at only 1.15 months, the market possesses good absorption capacity increasing chances for immediate sales.

    Further, the building approvals Ratio for houses is a favourable 0.05%. This low ratio minimises the risk of oversupply and potential price drops in the property market.

    Demand in the area is moderate with properties lasting on the market for an average of 93 days. A vacancy rate of just 1.5% supports this, hinting at more demand than supply – a positive note for potential landlords. However, a buy search index for houses at 4 should prompt investors to further explore market interest.

    In conclusion, while NORTH WONTHAGGI 3995 presents a mixed bag of property investment indicators, the integral strengths of the region are distinct and may appeal to savvy investors prioritising rental yields, balanced rental competition, and market absorption. As always, maintaining an up-to-date understanding of market developments is essential to capitalising on the Australian property market. Verifying these insights with HtAG Analytics’ robust RCS feature can be the icing on the cake to an informed investing decision.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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