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%