Thinking about buying in Wungong? Now could not be a better time, with just 146 residential dwellings it's a highly sought after location.
The average property price for this area is $1,057,000 with prices in this suburb ranging from $717,000 to $1,605,000.
Distance to the coast is 20 Km.
|Median Weekly Rent||$325.00|
|Median Monthly Mortgage||$1763.50|
|Median Persons Per Bedroom||0.80|
|Average Household Size||3.00|
|Average Cars Per Dwelling||2.13|
|Average Properties Within 50M||1|
|2 Bed $812,000|
|3 Bed $832,000|
|4 Bed $1,091,000|
|5 Bed $1,160,000|
In Wungong 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Wungong due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. Low average earnings from people in Wungong leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. High density population in Wungong requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
|53 MITCHELL ST, WUNGONG, WA, 6112||4||2||2||Under Contract|
Australian Christian College - Darling Downs
Armadale Education Support Centre
Armadale Senior High School
Gwynne Park Primary School
Gwynne Park Education Support Centre
Dale Christian School
Southern Hills Christian College
Xavier Catholic School(While the above schools are located with the suburb of Wungong 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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