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.
|6 LANTANA DR, WONGA PARK, VIC, 3115||4||2||2||$1,650,000 - $1,750,000|
|10 VALLEY RD, WONGA PARK, VIC, 3115||$1.4 - $1.5M|
|14 BESSA CT, WONGA PARK, VIC, 3115||5||3||3||For Sale $2,800,000 - $3,080,000|
Wonga Park Primary School(While the above schools are located with the suburb of Wonga Park there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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