Wangaratta is a well-established suburb in Victoria within the Wangaratta local government area (postcode 3677). It is home to about 19,214 residents, with an established family demographic and a median age of 44. Households earn a median income of $63K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.2% 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, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Wangaratta has a median house price of $255,000, holding roughly steady year-on-year. Units have a median price of $355,000 (+3.6% YoY). The current median weekly rent is $420. This gives a gross rental yield of approximately 8.6%. The median monthly mortgage repayment is $1,300.
Wangaratta is served by 12 schools, including 7 primary, 2 secondary, 1 combined, 2 special. The average ICSEA score is 995, which is around the national average of 1,000. Public transport access includes 7 rail stations, 114 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Wangaratta LGA is higher than average at 9,523 incidents per 100,000 population.
Looking at the investment signals, Wangaratta shows a gross rental yield of approximately 8.6%, rated as high yield. Property prices sit below the state median ($255K/$875K), which can point to relative value. The price-to-income ratio of 4.0x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.