Question 1

Is Wy Yung a nice place to live?

Accepted Answer

Wy Yung lies on the Mitchell River floodplain near Bairnsdale, with river access, wetlands and Wy Yung Oval beside a small cluster of shops by the highway.

It is an older, low-density suburb where many households own their homes outright and couple families without children are common. Everyday life revolves around river-based activities such as fishing, birdwatching and walking in nearby reserves, with shops by the highway meeting day-to-day needs, and the portable changerooms project at Wy Yung Oval is under construction to provide DDA-compliant change facilities.

Question 2

Is it expensive to live in Wy Yung?

Accepted Answer

A typical local household in Wy Yung earned about $1,506 a week at the most recent Census. With house rents at $485 a week, renting a house would take about 32% of that weekly household income, which is a sizeable share of income. If you're renting rather than buying, that rent share is the figure that matters when weighing how costly Wy Yung looks against local incomes.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Wy Yung a good place to invest?

Accepted Answer

Median house values in Wy Yung rose a modest 2.5% over the past 12 months, which represents modest capital growth for houses in the suburb. There isn't enough recent data to report on how rents or unit values changed, so these figures only describe the movement in house values.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	2.5%	N/A
Sold Past 3 months	4	N/A
Median days on market Past 12 months	123	N/A
Average rent Past 12 months	$485	N/A
Change in rent Past 12 months	N/A	N/A

	Suburb	VIC
Median age years	46	38
Median household income weekly	$1,506	$1,759
Couples with children share of families	40.6%	45.5%
Couples without children share of families	48.2%	37.6%
One-parent families share of families	10.7%	15.2%
Homes owned outright share of homes	47.3%	33.2%
Homes with a mortgage share of homes	36.4%	37.3%
Homes rented share of homes	16.3%	29.5%

Get a property report and suburb profile for any property in Wy Yung

Wy Yung suburb profile

Wy Yung property market performance

5 year median price trend for houses and units

Wy Yung demographics

Suburbs near Wy Yung

How does Wy Yung compare to nearby suburbs?

Choose the right real estate agents in Wy Yung

Get a head start and compare top local agents in Wy Yung

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market