This property is Off Market
With an average age of 48, households expect an average monthly mortgage payment of $3,500 or a weekly rent payment of $370. The average family earns a weekly income of $3,457 with a typical household size of 2.9 and a 94.96% employment rate.
In Wonga Park there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. High average incomes in Wonga Park ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Wonga Park provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Wonga Park necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Wonga Park we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Wonga Park a better buying opportunity than it may have been in the past.
(Country of Birth not stated 2%)
Warrandyte - Wonga Park a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
79 / 100
52 / 100
Industry
15 / 100
17 / 100
Population
30 / 100
32 / 100
House Prices
00 / 100
70 / 100
Jobs
40 / 100
34 / 100
Incidents Trend State Average
Melbourne Rudolf Steiner School
Warranwood, VIC, 3134 Independent Prep-12
Wonga Park Primary School
Wonga Park, VIC, 3115 State Prep-6
Yarra Road Primary School
Croydon, VIC, 3136 State Prep-6
Andersons Creek Primary School
Warrandyte, VIC, 3113 State Prep-6
Village School
Croydon North, VIC, 3136 Independent Prep-6
St Anne's School
Park Orchards, VIC, 3114 Independent Prep-6
Warranwood Primary School
Warranwood, VIC, 3134 State Prep-6
Warrandyte Primary School
Warrandyte, VIC, 3113 State Prep-6
Croydon Hills Primary School
Croydon Hills, VIC, 3136 State Prep-6
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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