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AREA REPORTS

Wangaratta

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 2.52% 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 18.4% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $320 based on current median home prices for the suburb.

On average, rents on listings have reached the $320 mark, reflecting a 5.12% increase in returns based on the current median price in WANGARATTA.

WANGARATTA, 3677 ranks 429th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 57th on the list of best yielding suburbs for rental properties in VIC, posting a 5.12% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $325,000 $233,500
GROWTH REPORT
Median Quarterly 0.93% 16.17%
Median 12 month 2.52% 6.14%
Median 3 years 18.4% 7.36%
Median 5 years 21.27% 19.13%
10 years average annual 3.24% 3.38%
Weekly media advert. rent $320 $240
Time on Market 61.9 days 64.7 days
Gross Rental Yield Percent 5.12% 5.34%
demographics (median values)
Total Population
15682
Weekly Household Income
731.6
Household Size
2.30
demographics
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