Located in Victoria within the Pyrenees local government area, Lake Wongan is a sparsely populated locality (postcode 3373). With a population of 3, the suburb has a settled mid-life population with a median age of 44. Households earn a median income of $84K per year, with an average household size of 1.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The top ancestries reported are English, Scottish.
The current median weekly rent is $400. The median monthly mortgage repayment is $4,000.
The crime rate in the Pyrenees LGA is moderate at 6,576 incidents per 100,000 population.
From an investment perspective, Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.