Wonga Park is a smaller suburb in Victoria within the Manningham local government area (postcode 3115). With a population of 3,843, the suburb has a mature demographic with a median age of 45. Households earn a median income of $145K per year, with an average household size of 3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Wonga Park is $1.3 million, having grown strongly 5.1% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,300.
Wonga Park is served by 1 school, including 1 primary. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 30 bus stops. The crime rate in the Manningham LGA is below average at 3,807 incidents per 100,000 population.
From an investment perspective, Wonga Park offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 9.2x is considered moderate. House prices have moved +5.1% year-on-year.
Wonga Park is a smaller suburb in Victoria within the Manningham local government area (postcode 3115). With a population of 3,843, the suburb has a mature demographic with a median age of 45. Households earn a median income of $145K per year, with an average household size of 3 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Wonga Park is $1.3 million, having grown strongly 5.1% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,300.
Wonga Park is served by 1 school, including 1 primary. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 30 bus stops. The crime rate in the Manningham LGA is below average at 3,807 incidents per 100,000 population.
From an investment perspective, Wonga Park offers a gross rental yield of 2.3%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 9.2x is considered moderate. House prices have moved +5.1% year-on-year.