Wangaratta

POSTAL CODE: VIC, 3677

HOUSE

UNIT

Property investors enjoyed capital gains of 1.2% 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 0.8% 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 $495 based on current median home prices for the suburb.

On average, rents on listings have reached the $495 mark, reflecting a 4.9% increase in returns based on the current median price in WANGARATTA.

WANGARATTA, 3677 ranks 458th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 52nd on the list of best yielding suburbs for rental properties in VIC, posting a 4.9% return.

Property investors have seen a 6.34% gain in WANGARATTA based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains WANGARATTA, 3677 saw average growth in the long term.

WANGARATTA, 3677 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $377,500.

Profits due to an upward trend in home prices in WANGARATTA, 3677 averaged 2.72% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.

The gross rental yield in WANGARATTA, 3677 is 5.37%.

An average of 4.25 real estate transactions take place per month in WANGARATTA which translates to 51 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$525,250	$377,500
Growth Report
Median Quarterly	0.05%	6.34%
Median 12 month	1.2%	8.63%
Median 3 years	0.8%	8.17%
Median 5 years	45.9%	51.3%
10 years average annual	7.01%	6.36%
Weekly media advert. rent	$495	$390
Time on Market	66.8 days	52.4 days
Gross Rental Yield Percent	4.9%	5.37%

Demographics (Median Values)*

Total Population 18102

Weekly Household Income 1009

Household Size 2.20

Average Age 44

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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