Wonga Park

Wonga Park in VIC 3115 is a small suburb with a population of 3,843 residents. The demographic profile skews towards families and older adults, with significant numbers in the age groups of 5 to 19 years and 45 to 64 years. The suburb offers a mix of occupations, with a notable presence of professionals, managers, and technicians. The weekly median household income is relatively high at $2,790. Commuting trends show a preference for motor vehicles and working from home. The suburb has good access to educational facilities, with an ICSEA percentile of 81.0 for government schools. For houses in Wonga Park, the sale price data indicates a wide range of property values. The suburb presents opportunities for renovation projects, as reflected in the high sale price IQR ratio. Wonga Park also shows promising market demand, with a relatively low days on market and a healthy market absorption rate. Investors looking for units may find limited options in the suburb, with a small number of properties available. The rental yield for units is moderate, and there is scope for price negotiation with a high median discount percentage. Wonga Park, VIC 3115, offers a desirable lifestyle for families and professionals seeking a tranquil residential area with good access to amenities and educational opportunities. The suburb presents potential for property investment, particularly in renovating houses. With a diverse demographic mix and convenient commuting options, Wonga Park appeals to residents looking for a balance between urban convenience and a suburban setting. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022