Suburb Profile Report for Baranduda VIC (3691)

Baranduda House: Median price $350,000, Annual capital growth 1.57%, Number of sales 37, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Expert Report

Property investors who have had real estate in Baranduda, 3691 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 6.54%

Vendor discounting in Baranduda is giving property investors an average Vendor Discount of around -4.29%. This puts suburb at number 457th in VIC when ranking the most discounted suburbs.

Baranduda is 85th on a list of best yielding suburbs for rents in VIC with a 5.35% return

Information supplied by:


March 2017

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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

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
Metrics i HOUSE UNIT
$350,000 N/A
N/A N/A
6.54% N/A
1.57% N/A
$360 N/A
37 N/A
5.35% N/A
119.8 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 1893
Median household income ($/weekly) 1703
Median age of persons 32
Median housing loan repayment ($/monthly) 1733
Average household size 3.2
  • Census Count Percent(%)
    0-4 years 190 10.0
    5-14 years 384 20.3
    25-34 years 240 12.7
    35-44 years 346 18.2
    45-54 years 270 14.2
    Others 466 24.6
    Age Group
    Census Count Percent(%)
    Registered Married 770 62.4
    Not Married 329 26.7
    Defacto Relationship 134 10.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1727 93.5
    China 6 0.3
    Papua New Guinea 11 0.6
    United Kingdom 45 2.4
    Other 16 0.9
    Others 42 2.3
    Country of Birth
    Census Count Percent(%)
    Christianity 1322 74.7
    No Religion 448 25.3
    Buddhism 0 0.0
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 40 7.9
    $1,250-$1,499 56 11.0
    $1,500-$1,999 104 20.5
    $2,000-$2,499 86 16.9
    $2,500-$2,999 49 9.6
    Others 173 34.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 610 47.3
    Employed, worked part-time 309 23.9
    Not in the labour force 281 21.8
    Employed, away from work 67 5.2
    Unemployed, looking for work 24 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 136 13.8
    Professionals 195 19.8
    Technicians & trades workers 149 15.2
    Clerical & administrative workers 149 15.2
    Sales 105 10.7
    Others 249 25.3
    Occupation
    Census Count Percent(%)
    Pre-school 58 9.2
    Infants/Primary 278 44.1
    Secondary 165 26.1
    Technical or Further Educational Institution 70 11.1
    University or other Tertiary Institutions 48 7.6
    Others 12 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1814 99.8
    Flat, unit or apartment 3 0.2
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 345 60.6
    Fully owned 124 21.8
    Rented 97 17.0
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals