Wy Yung is a small community in Victoria within the East Gippsland local government area (postcode 3875). With a population of 1,940, the suburb has a mature demographic with a median age of 46. Households earn a median income of $78K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Wy Yung is $503,000, having dropped significantly 8.1% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,517.
Public transport access includes 5 bus stops. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Wy Yung offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($503K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.4x is considered moderate. House prices have moved -8.1% year-on-year.
Wy Yung is a small community in Victoria within the East Gippsland local government area (postcode 3875). With a population of 1,940, the suburb has a mature demographic with a median age of 46. Households earn a median income of $78K per year, with an average household size of 2.5 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Wy Yung is $503,000, having dropped significantly 8.1% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,517.
Public transport access includes 5 bus stops. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Wy Yung offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($503K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.4x is considered moderate. House prices have moved -8.1% year-on-year.