Suburb Profile Report for Wangaratta VIC (3677)

Wangaratta House: Median price $316,000, Annual capital growth 4.06%, Number of sales 387, Weekly median advertised rent $320

Wangaratta Unit: Median price $215,000, Annual capital growth 3.65%, Number of sales 46, Weekly median advertised rent $230

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Wangaratta is in the TOP 30% in VIC when comparing median price capital growth over the last year. Wangaratta gave property investors a good capital gain figure when compared to the rest of the state, with 7.12%.

If we look at median property appreciation over just the last three months, Wangaratta has given property investors a paper return of -0.63%. This puts Suburb as 340 on a list of fastest fasting appreciating suburbs in VIC

Our latest figures would indicate that property sellers in Wangaratta are currently offering property investors an average price cut of -4.63% below the asking price at the moment.

At number 528 in a list of fastest selling suburbs, Wangaratta is in the TOP 20% of suburbs in Australia with an average of days on market 53.7808 for properties listed there.

Renters in Suburb are facing rents around $16640 per annum or $320 every week.

Investment property in Wangaratta has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.44%

Wangaratta,3677 was ranked 1372 in Australia by increase in median property value over the quarter.

Vendor discounting in Wangaratta is giving property investors an average Vendor Discount of around -4.25%. This puts suburb at number 219th in VIC when ranking the most discounted suburbs.

With the median price for a house in Wangaratta being $215000 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 5.56%

Metrics i HOUSE UNIT
$316,000 $215,000
-0.63% -6.42%
7.12% 19.44%
4.06% 3.65%
$320 $230
387 46
5.27% 5.56%
53.7808219178082 51.0277777777778

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very 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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