Investment property in West Wodonga has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.72%
The five-year average increase in median property values for West Wodonga,3690 has given property investors a potential capital gain of 71.97% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that West Wodonga is offering property investors an average of -1.95. This rate of discount on properties puts Suburb at number 376th in terms of most discounted suburbs in VIC
Residents and property investors in West Wodonga have been waiting around 30.3077 days to sell a property.
Property investors should expect to get $320 weekly from the median priced house in this suburb.
West Wodonga is in the bottom 10% in VIC when comparing median price capital growth over the last year. West Wodonga gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.00%.
While West Wodonga,3690 ranked number 8th in VIC for increase in median house value (annualised) increase, it is ranked 11th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -2.09% offered to property buyers. Sellers in West Wodonga itself are offering an average vendor discount of 0.00% to real estate investors.
In the last year 53 properties changed hands in West Wodonga, which puts it as the 206th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $0 and the average annual increase in value of a median property of 21.85%, investors should hope to achieve an overall return of 0.00%