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Suburb Insights ยท VIC 3115

Wonga Park 3115, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Wonga Park is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 3,843, making it a boutique locality. Located approximately 28 km from the Melbourne CBD, Wonga Park is a middle ring area in Victoria. The median household income is $145,080 AUD per year (ABS 2021 Census).

Investment Score

76 / 100 Good

Wonga Park benefits from a high-income resident base, supporting premium property pricing.

Location

Map shows Wonga Park, Victoria, Australia.

Key Indicators

Postcode
3115

Official Australia Post postcode for Wonga Park. A postcode may cover multiple suburbs.

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Population
3,843

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$491/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$145,080/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
28 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
2

Estimated 2 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,300/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
96% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Wonga Park's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $491/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,300/month. A median household income of $145,080/year supports premium property values and indicates a well-employed resident base. 96% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, Wonga Park is a natural candidate for patient investors.

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Rental Yield

Rental returns in Wonga Park are attractive relative to purchase prices, supporting positive cash flow.

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Renovation / Flip

Limited buyer depth in Wonga Park makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Wonga Park property

Full Property Analysis

30-year projections for Wonga Park

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

Wonga Park is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. Tenants in Wonga Park have options โ€” presenting well-maintained properties is key to minimising vacancy. Wonga Park remains on the radar of active property investors in Victoria.

Frequently Asked Questions

Is Wonga Park a good suburb for investment?

Wonga Park is a middle ring area in Victoria with a population of 3,843. The median rent is $491/week and the median household income is $145,080/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Wonga Park?

Key demand drivers in Wonga Park include established amenities and transport access. 96% of dwellings are separate houses. The area has approximately 1 schools and 2 parks nearby.

What is the population of Wonga Park?

According to the ABS 2021 Census, Wonga Park has a population of approximately 3,843. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Wonga Park from the Melbourne CBD?

Wonga Park is approximately 28 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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