Baranduda (postcode 3691) is a smaller suburb in Victoria within the Wodonga local government area. It is home to about 3,041 residents, with a blend of families and working-age professionals and a median age of 37. Households earn a median income of $109K per year, with an average household size of 2.8 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
The median house price in Baranduda is $643,000, having grown strongly by 5.3% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,684.
Baranduda is served by 2 schools, including 2 primary. The average ICSEA score is 1011, which is around the national average of 1,000. Public transport access includes 8 bus stops. The crime rate in the Wodonga LGA is higher than average at 9,334 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.3%, which reads as moderate yield. Property prices are near the state median ($643K/$875K). The price-to-income ratio of 5.9x is considered affordable. House prices have moved +5.3% 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.