Wangaratta is a well-established suburb in Victoria within the Wangaratta local government area (postcode 3677). With a population of 19,214, the suburb has an established demographic with a median age of 44. Households earn a median income of $63K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Wangaratta is $255,000, having remained flat 0% over the past year. Units have a median price of $343,000 (-6.2% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 8.2%. 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.
From an investment perspective, Wangaratta offers a gross rental yield of 8.2%, rated as high yield. Property prices sit below the state median ($255K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.0x is considered affordable. House prices have moved +0.0% year-on-year.
Wangaratta is a well-established suburb in Victoria within the Wangaratta local government area (postcode 3677). With a population of 19,214, the suburb has an established demographic with a median age of 44. Households earn a median income of $63K per year, with an average household size of 2.2 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Wangaratta is $255,000, having remained flat 0% over the past year. Units have a median price of $343,000 (-6.2% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 8.2%. 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.
From an investment perspective, Wangaratta offers a gross rental yield of 8.2%, rated as high yield. Property prices sit below the state median ($255K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.0x is considered affordable. House prices have moved +0.0% year-on-year.