North Wonthaggi is a smaller suburb in Victoria within the Bass Coast local government area (postcode 3995). With a population of 3,475, the suburb has an established demographic with a median age of 42. Households earn a median income of $60K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in North Wonthaggi is $552,000, having dropped significantly 11.7% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.2%. 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.
From an investment perspective, North Wonthaggi offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($552K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved -11.7% year-on-year.
North Wonthaggi is a smaller suburb in Victoria within the Bass Coast local government area (postcode 3995). With a population of 3,475, the suburb has an established demographic with a median age of 42. Households earn a median income of $60K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, community & personal service, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in North Wonthaggi is $552,000, having dropped significantly 11.7% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.2%. 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.
From an investment perspective, North Wonthaggi offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($552K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved -11.7% year-on-year.