At number 2525th in the list of Australian suburbs ordered by increase in median house value over the last year, Baranduda, 3691 is in the BOTTOM 40% with a property value increase of 3.16% recorded in median house prices.
Across a shorter period, Baranduda, 3691 has seen a median price increase of -1.44% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.80% offered to property buyers. Sellers in Baranduda itself are offering an average vendor discount of -3.90% to real estate investors.
Often selling an investment property can take time, and in Baranduda the average time real estate has been on the market is 104.24 days.
Investors who choose Baranduda can gain yields of almost 6%, while vendors can sell at good prices, since the average discount rate is quite low at 3.8%. Buyers are likely attracted to Baranduda for its affordability, with the median house price at a comfortable $360,000.Full summary
Information supplied by:
Regional suburb grows subtly
Median house price: $360,000
Three-year growth: 12.50%
Rental yield: 5.56%
The suburb of Baranduda is located just over 10km from the bustling city of Wodonga. It flies under the radar, but it has been growing steadily in recent years.
Investors can gain yields of almost 6%, while vendors can sell at good prices, since the average discount rate is quite low at 3.8%. Buyers are likely attracted to Baranduda for its affordability, with the median house price at a comfortable $360,000. This is in spite of the 12% growth recorded by the suburb over the previous year.
Another drawing card for Baranduda is its proximity to Wodonga, which is regarded as a major city in regional Victoria and is home to several major businesses including cattle and manufacturing firms. There are several schools in Wodonga as well, including the Wodonga Institute of TAFE and La Trobe University.
Commuters can take the bus into the city. Residents can also travel to Wodonga by car through the Kiewa Valley Highway.Close