West Wodonga

POSTAL CODE: VIC, 3690

HOUSE

UNIT

Property investors have seen a 3.57% 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 10.91%.

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 $610,000

Profits averaged 6% 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 $550 based on current median home prices for the suburb.

The gross rental yield in WEST WODONGA, 3690 is 4.69%.

An average of 21.67 real estate transactions take place per month in WEST WODONGA which translates to 260 per annum.

Property investments in WEST WODONGA fare well against the rest of the country last year, registering a median home price increase of 7.53%.

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

Based on its average 5-year and quarterly capital gains WEST WODONGA, 3690 saw average growth in the long term.

This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In WEST WODONGA, homes and units usually stay on listing for an average of 47.4 days.

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 $400,000

Investors saw the median home price rise to $400,000.

WEST WODONGA ranks 47th on the list of best yielding suburbs for rental properties in VIC, posting a 5.46% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$610,000	$400,000
Growth Report
Median Quarterly	3.57%	1.82%
Median 12 month	10.91%	7.53%
Median 3 years	18.45%	21.21%
Median 5 years	64.31%	81%
10 years average annual	7.27%	7.84%
Weekly media advert. rent	$550	$420
Time on Market	43.4 days	47.4 days
Gross Rental Yield Percent	4.69%	5.46%

Demographics (Median Values)*

Total Population 33518

Weekly Household Income 1206

Household Size 2.40

Average Age 37

Monthly Loan Repayment 1387

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

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