Investment property in West Wodonga has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.52%
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.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in West Wodonga, 3690. Typically our figures indicate that -3.98% is being offered, which puts this VIC suburb at 2967th most discounted overall in Australia.
Property value increases in West Wodonga have tracked just lower than the VIC average of 7.53% over the last 12 months.
The five-year average increase in median property values for West Wodonga,3690 has given property investors a potential capital gain of 8.44% across each of those five years.
The most recent median price for West Wodonga is $205500, with sellers offering an average of -3.97% off the asking price.
Residents and property investors in West Wodonga have been waiting around 72.44 days to sell a property.
With the median price for a house in West Wodonga being $205500 and the advertised rent reaching $240 the gross rental yield for property investors calculates out to be 6.07%