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 8.24%.
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.
At number 444th of VIC’s most discounted properties, West Wodonga is in the TOP 10% of the state/territory when listing in order of most discounted to least.
VIC has seen average median house prices change by 5.78% which means that West Wodonga, 3690 has done well for property investors by showing a capital gain of -3.72% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, West Wodonga comes in at number 254th in VIC.
Property investors looking for a bargain in West Wodonga should be aiming for at least -5.05% off the asking price, which is the average vendor discount being achieved at the moment.
At number 954 in a list of fastest selling suburbs, West Wodonga is in the bottom 30% of suburbs in Australia with an average of days on market 83.5278 for properties listed there.
Using the current median advertised rental of $267.5 and the average annual increase in value of a median property of 1.54%, investors should hope to achieve an overall return of 6.32%