Suburb Profile Report for Wangaratta VIC (3677)

Wangaratta House: Median price $272,500, Annual capital growth 2.47%, Number of sales 368, Weekly median advertised rent $280

Wangaratta Unit: Median price $212,500, Annual capital growth 1.62%, Number of sales 48, Weekly median advertised rent $220

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Wangaratta, 3677 have given investors a capital gain of 0.93%. This compares very badly with the 8.96% for VIC as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Wangaratta comes in at number 523th in VIC.

Wangaratta3677 is located in VIC which offers an average discount of -5.87% to property investors. Wangaratta itself is showing figures that indicate -4.91% is the average achievable by property buyers investing in the suburb.

Property investors who have had real estate in Wangaratta, 3677 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.16%

Wangaratta,3677 was ranked 516 in Australia by increase in median property value over the quarter.

Vendor discounting in Wangaratta is giving property investors an average Vendor Discount of around -6.04%. This puts suburb at number 84th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 4.00 sales per month, which equates to 48 per year.

Advertised rents are around the $220 mark per week – giving a return of 5.38% based on the median price in Suburb

Metrics i HOUSE UNIT
$272,500 $212,500
0.93% 2.41%
0.93% 2.16%
2.47% 1.62%
$280 $220
368 48
5.34% 5.38%
72.71 72.16

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 17171
Median household income ($/weekly) 845
Median age of persons 41
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 2162 12.6
    25-34 years 1962 11.4
    35-44 years 2131 12.4
    45-54 years 2158 12.6
    55-64 years 2037 11.9
    Others 6720 39.1
    Age Group
    Census Count Percent(%)
    Registered Married 5848 46.9
    Not Married 5600 44.9
    Defacto Relationship 1031 8.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 14959 91.6
    Japan 267 1.6
    Papua New Guinea 117 0.7
    United Kingdom 330 2.0
    Other 151 0.9
    Others 508 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 109 0.7
    Christianity 11636 74.7
    Islam 38 0.2
    Other Religious Groups 41 0.3
    No Religion 3723 23.9
    Others 32 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 728 11.5
    $400-$599 969 15.3
    $600-$799 828 13.0
    $800-$999 661 10.4
    $1,500-$1,999 690 10.9
    Others 2476 39.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 5249 39.8
    Employed, worked full-time 4391 33.3
    Employed, worked part-time 2567 19.5
    Employed, away from work 522 4.0
    Unemployed, looking for work 443 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1245 16.6
    Technicians & trades workers 1109 14.8
    Clerical & administrative workers 910 12.2
    Sales 892 11.9
    Labourers 915 12.2
    Others 2411 32.2
    Occupation
    Census Count Percent(%)
    Pre-school 255 7.2
    Infants/Primary 1378 38.8
    Secondary 1122 31.6
    Technical or Further Educational Institution 460 13.0
    University or other Tertiary Institutions 250 7.0
    Others 87 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 14479 90.5
    Flat, unit or apartment 938 5.9
    Semi-detached, row or terrace house, townhouse 497 3.1
    House or flat attached to a shop, office 49 0.3
    Caravan, cabin, houseboat 42 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2545 37.5
    Being purchased 2227 32.8
    Rented 1969 29.0
    Other tenure type 50 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals