Suburb Profile Report for West Wodonga VIC (3690)

West Wodonga House: Median price $330,000, Annual capital growth 2.52%, Number of sales 229, Weekly median advertised rent $345

West Wodonga Unit: Median price $210,000, Annual capital growth 1.44%, Number of sales 36, Weekly median advertised rent $250

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Sep 2019 as supplied by CoreLogic. Data is reported to the period ending Jun 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

With a capital gain of 2.09% for the last 12 months, West Wodonga, 3690 has performed for property investments than its average annual 2.52% property growth over the last 5 years.

Across a shorter period, West Wodonga, 3690 has seen a median price increase of 1.54% over the last quarter.

Our latest figures would indicate that property sellers in West Wodonga are currently offering property investors an average price cut of -4.28% below the asking price at the moment.

Often selling an investment property can take time, and in West Wodonga the average time real estate has been on the market is 75.0792 days.

A $345 per week rent on the median house gives suburb investors a gross yield of circa 5.44%, without taking into account capital value appreciation, which has been averaging out at 2.52%.

Property investors who have had real estate in West Wodonga, 3690 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 decrease in value by -2.33%

A 10.53% growth in median value for property investors in West Wodonga,3690 puts this suburb at number 143th in terms of best performing suburbs in VIC

Sellers are offering property buyers an average discount of -5.60% to buyers in West Wodonga at the moment, which is less than average for the rest of VIC.

Property investors should expect to get $250 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$330,000 $210,000
1.54% 0.00%
2.09% -2.33%
2.52% 1.44%
$345 $250
229 36
5.44% 6.19%
75.0792079207921 71.0333333333333

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

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 14057
Median household income ($/weekly) 1147
Median age of persons 33
Median housing loan repayment ($/monthly) 1452
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 2107 15.0
    25-34 years 1977 14.1
    35-44 years 2041 14.5
    45-54 years 1820 12.9
    55-64 years 1499 10.7
    Others 4614 32.8
    Age Group
    Census Count Percent(%)
    Registered Married 4816 49.1
    Not Married 3835 39.1
    Defacto Relationship 1160 11.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 12356 91.0
    Greece 95 0.7
    Papua New Guinea 126 0.9
    United Kingdom 356 2.6
    Other 204 1.5
    Others 439 3.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 85 0.7
    Christianity 9501 72.9
    Hinduism 56 0.4
    Other Religious Groups 48 0.4
    No Religion 3321 25.5
    Others 28 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 512 10.9
    $600-$799 483 10.3
    $1,000-$1,249 545 11.6
    $1,500-$1,999 659 14.1
    $2,000-$2,499 497 10.6
    Others 1989 42.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4282 41.2
    Not in the labour force 3254 31.3
    Employed, worked part-time 2027 19.5
    Employed, away from work 418 4.0
    Unemployed, looking for work 412 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1079 16.0
    Technicians & trades workers 1023 15.2
    Community & personal service workers 740 11.0
    Clerical & administrative workers 989 14.7
    Labourers 791 11.8
    Others 2106 31.3
    Occupation
    Census Count Percent(%)
    Pre-school 328 8.6
    Infants/Primary 1407 37.1
    Secondary 955 25.2
    Technical or Further Educational Institution 581 15.3
    University or other Tertiary Institutions 406 10.7
    Others 120 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11909 88.9
    Semi-detached, row or terrace house, townhouse 722 5.4
    Flat, unit or apartment 709 5.3
    Caravan, cabin, houseboat 39 0.3
    House or flat attached to a shop, office 7 0.1
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1980 38.8
    Rented 1945 38.2
    Fully owned 1134 22.2
    Other tenure type 38 0.7
    Tenure Type
Census 2011, ABS
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