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2 MIN READThe Property Policies Both Major Parties Are Peddling
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West WodongaWest Wodonga - SUBURB PROFILE REPORT
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Property investors have seen a 3.63% gain in WEST WODONGA based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on WEST WODONGA, 3690 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 16.15%.
Based on its average 5-year and quarterly capital gains WEST WODONGA, 3690 saw average growth in the long term.
The VIC suburb also 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 $435,000
Profits averaged 11.98% per annum over a 3-year period, due to an upward trend in home prices in WEST WODONGA, 3690.
This means, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
The gross rental yield in WEST WODONGA, 3690 is 4.78%.
An average of 24.83 real estate transactions take place per month in WEST WODONGA which translates to 298 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $435,000 | $285,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.63% | 9.62% |
| Median 12 month | 16.15% | 26.67% |
| Median 3 years | 35.94% | 33.18% |
| Median 5 years | 40.32% | 39.02% |
| 10 years average annual | 4.87% | 4.39% |
| Weekly media advert. rent | $400 | $300 |
| Time on Market | 32.9 days | 27.4 days |
| Gross Rental Yield Percent | 4.78% | 5.47% |
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