Suburb Profile Report for Wangaratta VIC (3677)

Wangaratta House: Median price $272,500, Annual capital growth 2.50%, Number of sales 354, Weekly median advertised rent $280

Wangaratta Unit: Median price $220,000, Annual capital growth 1.89%, Number of sales 51, Weekly median advertised rent $220

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

Source: CoreLogic

  • House Report
  • Unit Report

Wangaratta, 3677 ranked 612th in VIC when comparing growth in median property values or capital gain over the last 12 months. Wangaratta is one of 2098 in our list for VIC

Over the longer term, Wangaratta has seen property prices show investors a 10.77% return over the last 3 years. This is worse than over the last 12 months

Property buyers and investors in Wangaratta 3677 should be seeing an average reduction in asking price of around -4.38% . This means that Wangaratta is holding prices well when compared to other suburbs in VIC.

Advertised rents are around the $280 mark per week – giving a return of 5.34% based on the median price in Suburb

With a capital gain of 4.76% for the last 12 months, Wangaratta, 3677 has performed for property investments than its average annual 1.89% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wangaratta has increased when compared to the 5 year average annual rate.

Our latest figures would indicate that property sellers in Wangaratta are currently offering property investors an average price cut of -5.28% below the asking price at the moment.

Wangaratta is 59th on a list of best yielding suburbs for rents in VIC with a 5.20% return

Metrics i HOUSE UNIT
$272,500 $220,000
0.93% 4.76%
-1.09% 4.76%
2.50% 1.89%
$280 $220
354 51
5.34% 5.20%
71.12 59.28

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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