Suburb Profile Report for West Wodonga VIC (3690)

West Wodonga House: Median price $342,500, Annual capital growth 2.67%, Number of sales 197, Weekly median advertised rent $355

West Wodonga Unit: Median price $230,000, Annual capital growth 2.43%, Number of sales 47, Weekly median advertised rent $250

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

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$342,500 $230,000
1.33% 2.22%
7.37% 6.98%
2.67% 2.43%
$355 $250
197 47
5.39% 5.65%
86.469512195122 73.8974358974359

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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