Wonthaggi is a mid-sized suburb in Victoria within the Bass Coast local government area (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. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Wonthaggi is $545,000, having dipped slightly 1.4% over the past year. Units have a median price of $410,000 (-3.5% YoY). The current median weekly rent is $450. 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.
From an investment perspective, Wonthaggi offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($545K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 12.3x is considered stretched. House prices have moved -1.4% year-on-year.
Wonthaggi is a mid-sized suburb in Victoria within the Bass Coast local government area (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. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Wonthaggi is $545,000, having dipped slightly 1.4% over the past year. Units have a median price of $410,000 (-3.5% YoY). The current median weekly rent is $450. 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.
From an investment perspective, Wonthaggi offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($545K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 12.3x is considered stretched. House prices have moved -1.4% year-on-year.