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Suburb Insights · VIC 3962

Wonyip, VIC 3962 Property Profile

ABS 2021 Census · Updated 21 May 2026

Suburb Overview

Wonyip is a regional centre in Victoria, Australia, with a population of approximately 39, making it a boutique locality. Located approximately 148 km from the Melbourne CBD, Wonyip is a regional area in Victoria. The median household income is $74,724 per year.

Investment Score

34 / 100 Weak

Household incomes in Wonyip sit in a comfortable mid-range for the Victoria market. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Melbourne
Wonyip
Victoria · 3962
148 km from Melbourne CBD
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Key Indicators

Postcode
3962

Official Australia Post postcode for Wonyip. A postcode may cover multiple suburbs.

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Population
39

Usual resident population at the most recent census.

Median weekly rent
$263/wk

Weekly median rent for occupied homes. Live rental data integration coming soon.

Median household income
$74,724/yr

Annual median household income (before tax) across all households.

Distance to CBD
148 km

Straight-line distance from the suburb centroid 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.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb.

Median monthly mortgage
$217/mo

Monthly median mortgage repayment for households currently paying off a mortgage.

Home type
74% houses

Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.

Investment Insight

Wonyip is a smaller community of 39 — about 1% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Wonyip's median household income of $74,724/year is 21% below the Victoria suburb median ($95,160) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. Median weekly rent of $263 equates to $1,140/month — about 525% of the median mortgage repayment of $217/month — meaning rental income covers most of a typical owner's repayment and this is a genuine cash-flow suburb before tax benefits. Wonyip is 148 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.

Wonyip vs Victoria Median

How Wonyip stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Wonyip sits above the state median; negative means below.

MetricWonyipVIC medianΔ vs state
Population397,416-99%
Median household income$74,724/yr$95,160/yr-21%
Median rent (weekly)$263$380-31%
Median mortgage (monthly)$217$1,950-89%
Distance to CBD148 km32 km+363%
Separate houses74%78%-4pp

Investor Checklist

Pre-inspection briefing for Wonyip — every item is derived from public datasets, with full citations in our data sources page.

Investment Strategy

Buy & Hold

Limited buy-and-hold upside: a small population of 39 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.

Rental Yield

Strong rental coverage: $263/week (~$1,140/month) covers 525% of the $217/month median mortgage repayment, so the shortfall sits at just $0/month. Investors targeting positive cash flow should shortlist this suburb.

⚠️
Renovation / Flip

With 74% houses in a 39-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.

Risk Factors

Run the numbers on a Wonyip property

Full Property Analysis

30-year projections for Wonyip

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital-growth expectations for Wonyip are modest for 2026 — incomes 21% below the VIC median of $95,160 and a population of 39 suggest gains will lag headline metro markets. Rental coverage runs at ~525% of the typical mortgage ($1,140/month rent vs $217/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 34/100 places Wonyip in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.

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Frequently Asked Questions

Is Wonyip a good suburb for investment?

Wonyip scores 34/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 39, median household income of $74,724/year and median weekly rent of $263. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.

What drives property demand in Wonyip?

The main demand drivers in Wonyip are a median household income of $74,724/year, a dwelling mix that is 74% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.

What is the population of Wonyip?

Wonyip has a usual resident population of approximately 39, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.

How far is Wonyip from the Melbourne CBD?

Wonyip sits 148 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.

What is the median rent in Wonyip?

The most recent census recorded a median weekly rent of $263 in Wonyip, equating to approximately $13,676/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.

What is the typical mortgage repayment in Wonyip?

The median monthly mortgage repayment in Wonyip is $217, or approximately $2,604/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.

Is Wonyip cash-flow positive for investors?

A median weekly rent of $263 works out to $1,140/month, covering 525% of the median mortgage repayment of $217/month. That means rent exceeds the median repayment by roughly $923/month, so on these numbers Wonyip leans cash-flow-positive before accounting for strata, council rates, insurance and maintenance. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.

What are the main risks of investing in Wonyip?

The main risks are a thin buyer pool (39 residents), interest-rate sensitivity on the $217 median mortgage, below-median household incomes ($74,724 vs $95,160 state median), the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.

How we built this Wonyip profile

Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.

Nearby Suburbs

Victoria Property Resources