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Wy Yung suburb profile

Wy Yung is a semi-rural locality in East Gippsland that sits on the fertile Mitchell River flats, offering a landscape of farmland, river frontage and pockets of lifestyle blocks. It has a quietly rural character, where older farmhouses sit alongside newer rural residential properties, and residents tend to be a mix of farmers, families and people seeking a slower pace outside a regional centre. Outdoor life centres on the river and nearby wetlands, with fishing, boating and bush walks on the local radar, while everyday shops, services and schools are a short drive away in Bairnsdale.

Wy Yung property market performance

Like many smaller suburbs, Wy Yung sees relatively few property sales, so there isn't enough recent data to publish a reliable median price for houses or units. The figures that are available show house values fell marginally, down 0.8% over the last 12 months.

Over the last three months 8 houses were recorded as sold, and houses sold in a median of 123 days over the last 12 months. There isn't enough recent data to report reliable figures for units or for rents in Wy Yung.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
-0.8%N/A
Sold
Past 3 months
8N/A
Median days on market
Past 12 months
123N/A
Average rent
Past 12 months
N/AN/A
Change in rent
Past 12 months
N/AN/A

5 year median price trend for houses and units

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Wy Yung demographics

Couple families without children are the largest family type, at 48.2%, with couple families with children close behind at 40.6%. Together those two groups make up 88.8% of families; one-parent families account for 10.7% and other families 0.5%.

The community has 1,940 people and a median age of 46. The median total household income is $1,506 a week, roughly $78,300 a year.

In Wy Yung, owner-occupiers make up 83.7% of homes, with 47.3% owned outright and 36.4% owned with a mortgage, while renters account for 16.3%.

Suburbs near Wy Yung

Some popular suburbs near Wy Yung include:

  • Bairnsdale: Regional service centre on the Mitchell River, with established shopping and civic facilities.
  • East Bairnsdale: Mainly residential, with established homes, tree-lined streets and local parks.
  • Eastwood: Semi-rural locality with larger lots and a quiet, country feel.
  • Lucknow: Established suburb with heritage homes, mature trees and a village atmosphere.
  • Nicholson: Small riverside village at the mouth of the Nicholson River and coastal wetlands.

How does Wy Yung compare to nearby suburbs?

  • Median house prices: Wy Yung’s median house price is 13.4% higher than Bairnsdale’s.
  • House price growth: Property prices in nearby Bairnsdale have risen 16.4% more than in Wy Yung over the past year.
  • Selling speed for houses: Properties in nearby Bairnsdale are selling 51.2% faster than in Wy Yung.

Choose the right real estate agents in Wy Yung

Choosing the right real estate agent in Wy Yung can have a big impact on your sale. While there are 17 real estate agents working in the suburb, but just 5 of them were responsible for 48.8% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.75% to 3.13%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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