VIC has seen average median house prices change by 8.06% which means that Baranduda, 3691 has done well for property investors by showing a capital gain of 6.81% over the last year
Over the longer term, Baranduda has seen property prices show investors a 0.00% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Baranduda should be aiming for at least -4.04% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Baranduda being $345000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 5.73%
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
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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