Property value increases in West Wodonga have tracked higher than the VIC average of 0.96% over the last 12 months.
West Wodonga,3690 was ranked 1621 in Australia by increase in median property value over the quarter.
West Wodonga3690 is located in VIC which offers an average discount of -6.80% to property investors. West Wodonga itself is showing figures that indicate -4.53% is the average achievable by property buyers investing in the suburb.
At number 2204 in a list of fastest selling suburbs, West Wodonga is in the bottom 40% of suburbs in Australia with an average of days on market 86.4695 for properties listed there.
Advertised rents are around the $355 mark per week – giving a return of 5.39% based on the median price in Suburb
West Wodonga is an average performer in VIC when comparing median price capital growth over the last year. West Wodonga gave property investors a good capital gain figure when compared to the rest of the state, with 6.98%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in West Wodonga has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that West Wodonga is offering property investors an average of -6.24. This rate of discount on properties puts Suburb at number 216th in terms of most discounted suburbs in VIC
A $250 per week rent on the median house gives suburb investors a gross yield of circa 5.65%, without taking into account capital value appreciation, which has been averaging out at 2.43%.