Falling loan deferrals prove market recovery: REIA
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Property investors have seen a -0.14% drop in WEST WODONGA based on a decrease in median home prices for the past three months.
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 $359,500
Profits averaged 4.71% 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 $360 based on current median home prices for the suburb.
The gross rental yield in WEST WODONGA, 3690 is 5.21%.
An average of 15.5 real estate transactions take place per month in WEST WODONGA which translates to 186 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $359,500 | $225,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.14% | 0% |
| Median 12 month | 6.2% | 1.12% |
| Median 3 years | 14.13% | 9.76% |
| Median 5 years | 17.87% | 18.42% |
| 10 years average annual | 2.54% | 2.06% |
| Weekly media advert. rent | $360 | $262.5 |
| Time on Market | 65.5 days | 81.7 days |
| Gross Rental Yield Percent | 5.21% | 6.07% |
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