Property investors who have had real estate in Baranduda, 3691 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.27%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Baranduda has increased when compared to the 5 year average annual rate.
Baranduda3691 is located in VIC which offers an average discount of -6.90% to property investors. Baranduda itself is showing figures that indicate -4.11% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Baranduda have been waiting around 93.1034 days to sell a property.
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Regional suburb grows subtly
Median house price: $360,000
Three-year growth: 12.50%
Rental yield: 5.56%
The suburb of Baranduda is located just over 10km from the bustling city of Wodonga. It flies under the radar, but it has been growing steadily in recent years.
Investors can gain yields of almost 6%, while vendors can sell at good prices, since the average discount rate is quite low at 3.8%. Buyers are likely attracted to Baranduda for its affordability, with the median house price at a comfortable $360,000. This is in spite of the 12% growth recorded by the suburb over the previous year.
Another drawing card for Baranduda is its proximity to Wodonga, which is regarded as a major city in regional Victoria and is home to several major businesses including cattle and manufacturing firms. There are several schools in Wodonga as well, including the Wodonga Institute of TAFE and La Trobe University.
Commuters can take the bus into the city. Residents can also travel to Wodonga by car through the Kiewa Valley Highway.