Wongawallan (QLD 4209) in Focus 2026: Is It a Good Investment? R-Score 99/100, 6.8% Yield & Best Streets

Market Classification: Established Family & Commuter Corridor · R-Score: 99/100 (National Rank #245 of 15,286) · Street Average: 100/100 across 36 streets.

Wongawallan (QLD 4209) represents a bread-and-butter Australian family housing market($1,430,000 median price, $1875/wk rent, 6.8% gross yield) supported by +7.1% 3-year council population movement. Here, investment returns are determined almost entirely by micro-location: separating quiet, >65% owner-occupied pockets from main-road or high-public-housing blocks.

“I’d pay close attention to the 10.7% fall in median rent, even with vacancy at 2.5%. A 6.8% gross yield can look comfortable on paper, but the $1.43 million entry price means buyers need to test the property’s achievable rent rather than rely on the suburb median.”

Looking for the live, monthly-updated numbers? The Wongawallan (QLD) suburb profile tracks the current median house price, rent, vacancy and R-Score, and the Wongawallan street-by-street scores rank every street. This article is our investment analysis of what those numbers mean.

Below is our full September 2026 quantitative and street-level breakdown for Wongawallan (QLD 4209), combining 36 months of settled price and rental history from our Aurora research warehouse, council-level supply and employment data for Gold Coast (QLD), and block-by-block ABS 2021 Census SA1 tenure and yield rankings across 760 residential addresses.

1. Wongawallan (QLD) 3-Year Market Trajectory & 27-Indicator R-Score (September 2026)

As of September 2026, Wongawallan records a settled median house price of $1,430,000. On the rental side, median weekly asking rents moved -10.7% over the past year to $1875/wk, equating to a 6.8% gross rental yield. Compared with 12 months ago—when Wongawallan carried an R-Score of 100/100—its current composite R-Score of 99/100 represents a -1-point shift in underlying market pressure.

Indicator / R-Score Pillar	Wongawallan (QLD) Current	12-Month / 36-Month Context
Composite Suburb R-Score	99 / 100	Ranked #245 of 15,286 suburbs (was 100/100 12m ago)
Median House Price	$1,430,000	12m change: +19.2%
Median Weekly Rent & Gross Yield	$1875/wk (6.8%)	12m rent change: -10.7%
Rental Vacancy & Days on Market	2.5% vacancy	Median selling time: 90 days on market (1.5% vacancy is the tight-market line)
Pillar 1: Buyer Demand	37 / 100	Measures days-on-market compression, vendor discounting & sales velocity
Pillar 2: Supply & Ownership	66 / 100	Measures stock on market, building approvals vs stock & owner-occupier share
Pillar 3: Price Momentum	39 / 100	Measures short/medium-term price velocity vs Gold Coast & QLD
Pillar 4: Yield Pressure	57 / 100	Measures gross rental yield, rent trajectory & vacancy compression

2. The “Two-Speed Suburb” Test: Best & Worst Streets in Wongawallan (QLD)

Why do two 4-bedroom houses in Wongawallan achieve completely different bank valuations and tenant quality? Because suburb medians blend every pocket together. When we map all 760 addresses across 36 streets in Wongawallan through G-NAF to their ABS 2021 Census SA1 blocks, the suburb splits into three distinct tiers:

• Strong Street Profile (Score 75–100): 26 streets (100% of scored streets) pass both ABS Census tenure tests (owner-occupiers >65% and public housing ≤5%) plus at least one—or both—of the Wongawallan rent and yield benchmarks.
• Mid / Mixed Street Profile (Score 50–74): 0 streets pass the core owner-occupier and public-housing thresholds but sit below the suburb median on weekly rent or yield.
• Weaker / Caution Street Profile (Score 0–25): 0 streets fail one or both census tenure thresholds—meaning either owner-occupation sits at or below 65% or state/community public housing exceeds 5% on those specific SA1 blocks.

Top 5 Highest-Scoring Streets in Wongawallan (QLD)

These streets sit in SA1 census blocks with high homeowner pride of ownership, minimal social housing concentration, and strong block-level rents (inspect all 36 streets in Wongawallan):

Top Street in Wongawallan	Street Score	Addresses	Owner-Occupiers	Public Housing	SA1 Rent & Yield
#1 Waterfall Drive	100/100	40	92%	0%	$1825/wk (8.3%)
#2 Elevation Drive	100/100	35	92%	0%	$1825/wk (8.3%)
#3 Colin Meagher Road	100/100	34	92%	0%	$1825/wk (8.3%)
#4 Parkside Parade	100/100	21	92%	0%	$1825/wk (8.3%)
#5 Pinnacle Drive	100/100	18	92%	0%	$1825/wk (8.3%)

3. Economic & Supply Drivers in Gold Coast Council (Queensland)

Wongawallan sits within the Gold Coast Local Government Area, which has a residential population of approximately 691,230 (+7.1% population movement over the past 3 years) and 239,549 total dwellings. Three council-level fundamentals shape Wongawallan’s medium-term outlook:

• Local Employment Diversity (ABS Census): The largest employment sectors across Gold Coast are Health Care and Social Assistance (13%), Retail Trade (12%), Accommodation and Food Services (11%), Construction (9%). Multi-sector employment reduces reliance on any single employer or commodity cycle.
• New Building Approvals vs. Existing Stock: Over the latest 12-month financial year, Gold Coast approved 3% new dwelling stock (~7,611.857 dwellings). Because new approvals exceed 1.8% of stock, investors in Wongawallan must avoid generic greenfield house-and-land pockets and stick to established, built-out streets.
• Tracked Infrastructure Pipeline: Gold Coast currently has $21.1 billion in tracked major infrastructure projects (placing it in the 95th percentile of Australian councils).

4. Worked Cashflow, Deposit & 80% LVR Stress-Test for Wongawallan (September 2026)

What does it actually cost to acquire and hold a typical house in Wongawallan at today’s median price of $1,430,000 and median rent of $1875/wk? Below is the baseline 80% Loan-to-Value Ratio (LVR) model we use to stress-test serviceability before shortlisting a property:

Cashflow & Capital Item	Wongawallan Worked Figure	Assumptions & Notes
Purchase Price (Suburb Median)	$1,430,000	Settled house median as of September 2026
20% Deposit + Est. Stamp Duty & Costs	$354,640	$286,000 deposit (80% LVR) + ~$68,640 stamp duty, legal & inspection allowance (can be funded via usable home equity)
80% LVR Loan Amount	$1,144,000	Standard no-LMI investor loan threshold
Gross Annual Rental Income	$97,500/yr ($1875/wk)	6.8% gross rental yield before vacancies and expenses
Est. Annual Interest + Operating Costs	$87,230/yr	Assumes 6.25% interest-only ($71,500/yr) + ~1.1% for council rates, insurance & property management ($15,730/yr)
Pre-Tax Weekly Cashflow Position	+$198/wk surplus	Before tax deductions / depreciation (confirm post-tax position with your accountant)

5. Who Should Buy in Wongawallan—And 3 Rules Before You Make an Offer

Solid 99/100 R-Score Backed by Gold Coast Fundamentals. Based on our September 2026 data, Wongawallan is best suited to higher-income professionals, medical practitioners, and upgraders with strong cashflow buffers targeting scarce land in an owner-occupier dominated suburb.

1. Never Buy Blind on the Suburb Median: In Wongawallan, 0 streets score below 50/100 on our census tenure and yield tests. Always run the exact street through the Wongawallan Street Score Hub and target the 26 streets scoring 75–100/100.
2. Check Lot-Level Overlays (Flood, Bushfire, Slope & Easements): Even on a 100/100 streetlike Waterfall Drive, individual lots can carry overland flow paths, steep gradients, or sewer easements that restrict granny-flat additions or spike insurance premiums.
3. Price Against Street-Matched Settled Comparables: Do not let a selling agent justify an asking price on a 25/100 street using comparable sales from a 100/100 street. Compare settled sales within the same SA1 Street Score band.