West Wodonga has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.15% to date .
If we look at median property appreciation over just the last three months, West Wodonga has given property investors a paper return of 1.46%. This puts Suburb as 315 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in West Wodonga is giving property investors an average Vendor Discount of around -2.52%. This puts suburb at number 373th in VIC when ranking the most discounted suburbs.
At number 424th in the list of Australian suburbs ordered by increase in median house value over the last year, West Wodonga, 3690 is in the top 30% with a property value increase of 7.14% recorded in median house prices.
Comparing West Wodonga,3690 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
West Wodonga3690 is located in VIC which offers an average discount of -4.18% to property investors. West Wodonga itself is showing figures that indicate -4.67% is the average achievable by property buyers investing in the suburb.
In the last year 55 properties changed hands in West Wodonga, which puts it as the 147th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in West Wodonga being $225000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 6.01%