Suburb Profile Report for West Wodonga VIC (3690)

West Wodonga House: Median price $360,200, Annual capital growth 2.71%, Number of sales 181, Weekly median advertised rent $350

West Wodonga Unit: Median price $225,000, Annual capital growth 2.35%, Number of sales 55, Weekly median advertised rent $260

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$360,200 $225,000
1.46% -0.44%
9.15% 7.14%
2.71% 2.35%
$350 $260
181 55
5.05% 6.01%
71.0393700787402 74.7777777777778

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very 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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