AREA REPORTS

Wangaratta

Suburb Profile

Wangaratta - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3677

house
unit

Property investors enjoyed capital gains of 10.49% over the last 12 months in WANGARATTA, translating to lower returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in WANGARATTA are low, as opposed to average gains per annum over the past five years.

The suburb posted a 10.07% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $290 based on current median home prices for the suburb.

On average, rents on listings have reached the $290 mark, reflecting a 5.11% increase in returns based on the current median price in WANGARATTA.

WANGARATTA, 3677 ranks 287th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 74th on the list of best yielding suburbs for rental properties in VIC, posting a 5.11% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $295,000 $178,750
GROWTH REPORT
Median Quarterly 4.61% -3.38%
Median 12 month 10.49% -18.75%
Median 3 years 10.07% -9.49%
Median 5 years 24.46% 2.67%
10 years average annual 2.98% 0.56%
Weekly media advert. rent $290 $230
Time on Market 77.5 days 66.1 days
Gross Rental Yield Percent 5.11% 6.69%
demographics (median values)
Total Population
15682
Weekly Household Income
731.6
Household Size
2.30
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

House and land

Calls to drop negative gearing met with alternative tax proposal

By removing negative gearing, an industry advocate claims Australians would be losing a part of their investing DNA, and is lobbying instead...

Perth Australia

Hotspots reignite in WA as rental demand surges

Every aspect of Perth’s rental market over the September 2018 quarter is benefiting property investors as rental supply is down while d...

Property buyer's market

7-year high stock levels point to a buyer’s market

With stock levels hitting their highest point since 2012, one property researcher claims buyers “are back in the driver’s seat”. ...

Millennial investors

The 3 habits Millennial investors need to change

Millennials are facing a unique property investment horizon compared to their predecessors. We speak to a Generation Y property educator to ...

Ripple effect

The ‘ripple effect’ in property investment

Finding the next property markets set to boom can be as easy as looking out into their 'prime neighbours'. Find out how one expert uses only...

Man lending money to another man

How smart investors are thriving in a tight lending environment

While acquiring finance for property has become harder due to recent lending interventions, experts believe that investors can continue to g...