Located in Victoria within the Bass Coast local government area, Wonthaggi is a moderately sized suburb (postcode 3995). With a population of 5,215, the suburb has an older demographic with a median age of 55. Households earn a median income of $44K per year, with an average household size of 2 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, professionals, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
Median house prices in Wonthaggi stand at $579,000, having grown strongly by 6.2% over the last twelve months. Units have a median price of $430,000 (+4.9% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,198.
Wonthaggi is served by 5 schools, including 3 primary, 1 secondary, 1 special. The average ICSEA score is 976, which is around the national average of 1,000. Public transport access includes 34 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.3% (moderate yield). Property prices sit below the state median ($579K/$875K), which can point to relative value. The price-to-income ratio of 13.1x is considered stretched. House prices have moved +6.2% 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.