Suburb Profile Report for West Wodonga VIC (3690)

West Wodonga House: Median price $368,000, Annual capital growth 2.67%, Number of sales 201, Weekly median advertised rent $360

West Wodonga Unit: Median price $220,000, Annual capital growth 1.54%, Number of sales 47, Weekly median advertised rent $268

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

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%

Metrics i HOUSE UNIT
$368,000 $220,000
1.80% -2.22%
8.24% -3.72%
2.67% 1.54%
$360 $268
201 47
5.09% 6.32%
59.4890510948905 83.5277777777778

Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 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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