West Wodonga, 3690 ranked 442th in VIC when comparing growth in median property values or capital gain over the last 12 months. West Wodonga is one of 2099 in our list for VIC
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.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.61% offered to property buyers. Sellers in West Wodonga itself are offering an average vendor discount of -4.14% to real estate investors.
Often selling an investment property can take time, and in West Wodonga the average time real estate has been on the market is 72.61 days.
West Wodonga is 60th on a list of best yielding suburbs for rents in VIC with a 5.53% return
If you compare the increase in value of investment property in West Wodonga, 3690 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.86%.
When looking at the potential capital gains offered to property investors over the last 3 years, West Wodonga comes in at number 191th in VIC.
Property investors looking for a bargain in West Wodonga should be aiming for at least -4.63% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $245 mark per week – giving a return of 5.93% based on the median price in Suburb