Wodonga

Wodonga, VIC 3690 is a growing suburb with a population of 20,259 residents. The area has a diverse mix of age groups, with strong population growth over the past 10 years. The suburb has a good balance of various occupations, with professionals, technicians, and tradeworkers being the top three occupations. The median household income is above average. The suburb offers various commuting options with the majority of residents using motor vehicles. There is a decent proportion of residents who work from home. The ICSEA percentile for government schools is relatively low at 34.75, indicating educational opportunities might be limited. The housing market in Wodonga offers promising investment opportunities with high market absorption rates for both houses and units. The suburb has shown consistent median price growth over the past few years, making it attractive for property investors. The vacancy rates are low, signalling a high demand for rental properties. The sale price IQR ratios for both houses and units are relatively high, suggesting good prospects for renovators looking to add value to properties before selling or renting out. Wodonga, VIC 3690 presents a growing suburb with a diverse demographic profile and a range of commuting options. For property investors, the suburb offers strong potential for capital growth in both the house and unit markets. With low vacancy rates and high market absorption rates, Wodonga is a suburb worth considering for those looking to enter or expand their property investment portfolio. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022