Rental Yield Summary
| Property Type | Median Price | Weekly Rent | Gross Yield | Net Yield (est) |
|---|---|---|---|---|
| Houses | $516,832 | $413/wk | 4.2% | 2.4% |
| Units | $285,201 | $295/wk | 5.4% | 3.9% |
Gross vs Net: The Real Numbers
Gross yield is what most headlines quote. Net yield is what you actually keep after costs.
Annual costs that eat your yield:
- Council rates: $2373/year
- Insurance (landlord): $1,200-1,800/year
- Property management (7-8%): $1,610/year
- Maintenance allowance (1%): $5,168/year
- Vacancy (2-4 weeks/year): $1,239/year
Net annual income (house): $9,957 Net yield: 2.4%
Vacancy Rate
Current vacancy: 1.6%
Moderate vacancy. Marketing time of 2-3 weeks between tenancies is typical.
How Wonga Park Compares
| Suburb | House Yield | Unit Yield |
|---|---|---|
| Wonga Park | 4.2% | 5.4% |
| Melbourne average | 3.2% | 4.1% |
| Box Hill | 2.7% | 5.0% |
Solid middle-ring returns that balance yield with capital growth potential.
Cash Flow Analysis
At current rates (6.2% variable), interest-only on 80% LVR:
- Annual interest: $25,634
- Annual rent: $21,476
- Cash flow position: Negative gearing of -${int(med_h * 0.8 * 0.062 - rent_h * 52 + med_h * 0.01 + 2000):,}/year (tax deductible)
For full investment analysis, see our Wonga Park investment guide.
Yield calculations based on REIV median prices and Domain/realestate.com.au rental listings for Q1 2026.
