Suburb Profile Report for Wodonga VIC (3690)

Wodonga House: Median price $330,000, Annual capital growth 3.46%, Number of sales 357, Weekly median advertised rent $360

Wodonga Unit: Median price $225,000, Annual capital growth 2.62%, Number of sales 59, Weekly median advertised rent $250

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

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

  • House Report
  • Unit Report

Investment property in Wodonga has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.35%

Comparing Wodonga,3690 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 534th of VIC’s most discounted properties, Wodonga is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 3.46%, investors should hope to achieve an overall return of 5.67%

Wodonga has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.12% to date .

A 11.94% growth in median value for property investors in Wodonga,3690 puts this suburb at number 37th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Wodonga is offering property investors an average of -6.33. This rate of discount on properties puts Suburb at number 145th in terms of most discounted suburbs in VIC

Advertised rents are around the $250 mark per week – giving a return of 5.78% based on the median price in Suburb

Metrics i HOUSE UNIT
$330,000 $225,000
-0.45% 7.66%
-4.35% 1.12%
3.46% 2.62%
$360 $250
357 59
5.67% 5.78%
81.7551724137931 93.7446808510638

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

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 16487
Median household income ($/weekly) 931
Median age of persons 37
Median housing loan repayment ($/monthly) 1375
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 2171 13.2
    25-34 years 1990 12.1
    35-44 years 2069 12.5
    45-54 years 2197 13.3
    55-64 years 2010 12.2
    Others 6051 36.7
    Age Group
    Census Count Percent(%)
    Not Married 5421 45.4
    Registered Married 5284 44.2
    Defacto Relationship 1237 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 13946 88.5
    Greece 173 1.1
    Papua New Guinea 138 0.9
    United Kingdom 420 2.7
    Other 429 2.7
    Others 659 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 146 1.0
    Christianity 11008 73.0
    Hinduism 125 0.8
    Other Religious Groups 78 0.5
    No Religion 3665 24.3
    Others 65 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 779 13.1
    $600-$799 743 12.5
    $800-$999 654 11.0
    $1,000-$1,249 607 10.2
    $1,500-$1,999 662 11.1
    Others 2520 42.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4723 37.4
    Employed, worked full-time 4516 35.7
    Employed, worked part-time 2404 19.0
    Unemployed, looking for work 527 4.2
    Employed, away from work 465 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1206 16.3
    Technicians & trades workers 1200 16.3
    Community & personal service workers 791 10.7
    Clerical & administrative workers 963 13.0
    Labourers 940 12.7
    Others 2281 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 274 6.9
    Infants/Primary 1337 33.7
    Secondary 1165 29.3
    Technical or Further Educational Institution 599 15.1
    University or other Tertiary Institutions 450 11.3
    Others 147 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 13411 86.6
    Semi-detached, row or terrace house, townhouse 866 5.6
    Flat, unit or apartment 1167 7.5
    Caravan, cabin, houseboat 13 0.1
    House or flat attached to a shop, office 22 0.1
    Others 3 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2422 37.5
    Being purchased 2050 31.8
    Fully owned 1958 30.3
    Other tenure type 24 0.4
    Tenure Type
Census 2011, ABS
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