Located in Victoria within the Bass Coast local government area, North Wonthaggi is a compact suburb (postcode 3995). It is home to about 3,475 residents, with an established family demographic and a median age of 42. Households earn a median income of $60K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% 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 most common occupations are technicians & trades, community & personal service, labourers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Median house prices in North Wonthaggi stand at $505,000, having dropped significantly by 8.5% over the last twelve months. The current median weekly rent is $480. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,300.
Public transport access includes 8 bus stops. The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
On the investment side, North Wonthaggi shows a gross rental yield of approximately 4.9%, rated as moderate yield. Property prices sit below the state median ($505K/$875K), which can point to relative value. The price-to-income ratio of 8.4x is considered moderate. House prices have moved -8.5% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.