Wonga Park, VIC 3115
Wonga Park property market
Most of Wonga Park's activity is house sales, with 47 sales at around $1.674M (up) as of July 2026, taking about 31 days to sell (down from 38 days last year), with prices growing faster than most house markets in Victoria, just over half of homes are 4-bedroom.
House rentals make up a much smaller share, with 8 leases at $835 a week, renting out in about 15 days. Followed by 1 unit sales at around $1.073M.
Who lives hereAn ultra-high-income, mortgage-belt, family-oriented suburb — deeply settled.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Wonga Park demographics & population
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
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InsideWho lives here · What homes cost to buy & rent · How fast homes are selling · How much is for sale or rent · How it compares to nearby suburbs · Schools nearby
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Who lives in Wonga Park?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
A strongly multicultural community with deep migrant heritage.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Housing & affordability in Wonga Park
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Income & employment in Wonga Park
Incomes, employment, and the occupation mix of the people who live here.
A typical household pulls in about 2.5× the typical individual — a multi-earner area.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Getting around Wonga Park
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
Schools in and around Wonga Park
1 school inside Wonga Park, plus the closest options around it. Families can choose from 1 primary school in Wonga Park and its surrounds — no high school sits within this radius. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
- Within Wonga Park · 1Order by
- 1Wonga Park Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburbState Rank—English—Maths—Students440Multilingual50%ICSEA Rank50th
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
Turnover
How settled or transient the community is — and where newcomers came from.
Wonga Park median house price & rent
Headline price, rent, yield and time on market for Wonga Park — choose a property type and size below.
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Wonga Park property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
Houses
Units
Buying vs renting in Wonga Park
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Sales market velocity
Wonga Park against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Wonga Park in blue, peers in colour.
How fast — and is it getting faster?
Housing supply & months of stock
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
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Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
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Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Wonga Park — Units & Houses, all bedrooms
Wonga Park median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Five-year summaryAs of Jun 2026, the median house sale price in Wonga Park fell from $1.36M (Jul 2021) to $1.23M (Jun 2026) — a 9.7% decline over five years — peaking at $1.56M between Sep 2020 and Aug 2021. Median house rent went from $376/wk to $560/wk (+48.9%) over the same period. For units, the median sale price rose from $433k to $817k (+88.6%), with rent down from $374/wk to $340/wk (−9.1%) over the same period.
Suburbs near Wonga Park: prices compared
The nearest suburbs to Wonga Park, ranked by distance — each lined up against Wonga Park on the same measures, so the differences jump out at a glance.
Suburbs like Wonga Park
Suburbs anywhere in VIC that behave like Wonga Park — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)
Wonga Park vs Research: the closest sales-market match trades at a median of $1.38M against Wonga Park's $1.05M — about 31% higher, with homes selling in 21 days versus 22 days here.
Comparable sales markets to Wonga Park: Research median house price, Plenty median house price, Beaconsfield Upper market trends, Lower Plenty house prices and North Warrandyte property market.
Frequently asked · Wonga Park
24 data-driven answers about Wonga Park's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Wonga Park?
#The median house price in Wonga Park, VIC 3115 is $1.05M as of June 2026, based on 9 sales over the past 12 months. Houses there have moved +50.0% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
What is the median unit price in Wonga Park?
#The median unit price in Wonga Park, VIC 3115 is $1.05M as of June 2026, based on 9 sales over the past 12 months. Units have moved +50.0% year-on-year and currently trade at roughly 100% of the median house price.
How much does it cost to rent in Wonga Park?
#The median weekly house rent in Wonga Park is $490 as of June 2026, drawn from a very small number of recent leases. House rents have moved +0.5% year-on-year. Current vacancy pressure is shown in the supply section above.
How much is rent for a 3 bedroom house in Wonga Park?
#A 3 bedroom house in Wonga Park rents for a median $490 per week as of June 2026, drawn from a very small number of recent leases. Across other house sizes: 4-bedroom $490/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.
What is the gross rental yield in Wonga Park?
#Gross rental yield in Wonga Park is 1.64% for houses as of June 2026, compared with the VIC unit median of 4.47%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
How much is a 3 bedroom house in Wonga Park?
#As of June 2026, Wonga Park medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $1.05M | $1.05M | $1.05M | $1.05M |
| Units | — | — | $1.05M | — | $1.05M |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Wonga Park's property market trends?
#Wonga Park's property market trends to June 2026: house prices rose +50.0% year-on-year and units +50.0%; weekly house rents moved +0.5%; homes now sell in a median 22 days — faster than a year ago by 15; sales supply sits at 1.1 months (severe). Read together — price, rent, selling speed and supply — they show which way the Wonga Park market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Wonga Park as an investment?
#As of June 2026 in Wonga Park, house prices rose +50.0% over the year, gross rental yield is 1.64% against a VIC median of 2.76%, houses take a median 22 days to sell, sales supply is 1.1 months (severe). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
How quickly do houses sell in Wonga Park?
#Houses in Wonga Park sell in a median 22 days on market as of June 2026, with units clearing slightly similarly at 22 days. Days on market have tightened by 15 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Wonga Park a tight or loose property market right now?
#Wonga Park's sales market sits at 1.1 months of supply for houses as of June 2026 — classified as Severe (extreme shortage) against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose.
Have property prices in Wonga Park gone up or down?
#House prices in Wonga Park moved +50.0% over the 12 months to June 2026, while units moved +50.0%. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
Where is Wonga Park in its property market cycle?
#Wonga Park's house market is currently in the 'softer_firming' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year tightening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
How it compares
Vs state, vs nearby, vs popularHow does Wonga Park compare to other VIC suburbs?
#Wonga Park's median house price ($1.05M) is 68% above the VIC median ($630k) as of June 2026. On selling speed, houses clear in 22 days vs 25 days state median. On gross yield, Wonga Park sits at 1.64% vs 2.76% state median.
How does Wonga Park compare to neighbouring suburbs?
#Wonga Park's most-similar nearby market is Research (6.0 km away) with a median house price of $1.38M — about 31% pricier. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
What's the most popular property type in Wonga Park?
#The most-transacted segment in Wonga Park over the 12 months to June 2026 is 2 bed houses with 12 sales. 3 bed houses come second at 12 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Wonga Park last year?
#Wonga Park recorded 12 house sales and 12 unit sales over the 12 months to June 2026 — a combined 24 transactions. On the rental side, 4 houses and 0 units were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Wonga Park in?
#Wonga Park is in postcode 3115, in the Outer East Melbourne region of VIC. Addresses there are written as Wonga Park, VIC 3115.
What is the population of Wonga Park?
#Wonga Park, VIC 3115 is home to 3,047 residents (ABS Census 2021). The median resident age is 34, and the average household holds 3.0 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Wonga Park?
#The median household in Wonga Park earns $2k per week — roughly $90k a year (ABS Census 2021). Median personal income runs $684/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Wonga Park?
#The unemployment rate in Wonga Park is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Wonga Park?
#Wonga Park is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
What schools are near Wonga Park?
#Wonga Park has 150 schools within reach, 1 of them inside the suburb itself — including Wonga Park Primary School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Wonga Park a good place to live?
#Wonga Park, VIC 3115 has a population of 3,047, a median age of 34, a median household income around $2k/week, 50% of households renting (ABS Census 2021). There are 150 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
About this data
Methodology and update cadenceWhen was this Wonga Park market data last updated?
#This Wonga Park market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.