Located in Victoria within the Wodonga local government area, Bandiana is a close-knit residential community (postcode 3691). The area has roughly 855 residents and a notably youthful population, with a median age of 23. Households earn a median income of $105K per year, with an average household size of 3.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, community & personal service, professionals. Employment in the area leans toward public admin & safety and healthcare. The top ancestries reported are Australian, English, Scottish.
The median house price in Bandiana is $615,000, having increased by 2.6% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,517.
Bandiana is served by 1 school, including 1 primary. The average ICSEA score is 1000, which is around the national average of 1,000. The crime rate in the Wodonga LGA is higher than average at 9,334 incidents per 100,000 population.
From an investment perspective, Bandiana shows a gross rental yield of approximately 4.5%, rated as moderate yield. Property prices are near the state median ($615K/$875K). The price-to-income ratio of 5.9x is considered affordable. House prices have moved +2.6% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.