Wongarra

Wongarra, VIC 3234 is a small suburb with a total population of 47 residents. The demographic skews towards an older age group, with a significant portion aged 65 or over. The median mortgage repayment and rent are relatively affordable compared to the median household income. The suburb has a mix of occupations with managers, professionals, sales workers, and labourers. Given the small population and demographics skewed towards older age groups, investors may find limited opportunities in Wongarra for both houses and units. However, the high percentage of residents working from home could indicate a shift towards remote work lifestyles. Wongarra, VIC 3234 offers a quiet lifestyle with a predominantly older population. The affordability of housing compared to income levels could be appealing to those seeking a peaceful coastal retreat. Investors should consider the limited market potential due to the small population size and demographic composition. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022