Giving property investors a an average capital gain of 5.62% for the last year, Baranduda, 3691 is the 1977th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Baranduda comes in at number 599th in VIC.
Property buyers and investors in Baranduda 3691 should be seeing an average reduction in asking price of around -4.04% . This means that Baranduda is holding prices well when compared to other suburbs in VIC.
Using the current median advertised rental of $367.5 and the average annual increase in value of a median property of 1.85%, investors should hope to achieve an overall return of 5.50%
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