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Wangaratta Rural City, VIC

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Wangaratta Rural City is a local government area in Victoria’s Hume region. The local real estate market is dominated by family homes, with very few apartments or units available. The market is experiencing moderate growth, with house prices increasing steadily every year. There is a good selection of affordable housing options, particularly in the outer suburbs, and a growing number of new developments being constructed.

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The LGA’s economy is largely based on agriculture and tourism, with a number of small businesses also operating in the area. Wangaratta’s population is growing slowly, but the city is still seeing strong demand for rental property.

Professionals (17.8%), Managers (15.1%), Technicians and Trades Workers (14.0%), Community and Personal Service Workers (12.0%), and Labourers (11.7%) are the most prevalent professions in Wangaratta. Wangaratta’s typical weekly personal income for residents aged 15 years and older is $595.

The Wangaratta property market is reflective of regional Victoria, with a mix of rural and suburban dwellings on offer. In Wangaratta, 88.7 % of occupied private homes are detached houses, 9.7 % are semi-detached, row or terrace houses, townhouses, etc., 0.7 % are flats or apartments, and 0.6 % are other housing.

Due to its strong economy and growing population, Wangaratta is a great location for property investment. The city’s rental market is currently experiencing high levels of demand, so investors can expect to achieve good returns from property investment in Wangaratta.

Discover the latest real estate trends in Wangaratta LGA with the help of interactive dashboard below.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
No Price Data
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No Rent Data
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in Wangaratta Rural City, VIC

What other property markets are there near Wangaratta Rural City, VIC?

Wangaratta Rural City is surrounded by 2 other council areas – Mansfield, Wellington.

How many people live in Wangaratta Rural City, VIC?

There are approximately 28000 people living in roughly 13000 dwellings in total, with an average household size of 2.3.

What are current and planned infrastructure projects in Wangaratta Rural City, VIC?

Notable infrastructure projects include Wareena Park Masterplan, Glenrowan Heritage Project, Railway Precinct Enhancement Project, Aquatic Strategy, Mitchell Avenue Reserve, Apex Park Regional Playspace, Prosecco Road, Wangaratta Sports and Aquatic Centre Expansion Project.

What major retailers are there in Wangaratta Rural City, VIC?

The main retail centres are Co Store, Wangaratta Post Office Arcade, Millers, Kmart Wangaratta, BIG W Wangaratta.

What is the main industry in Wangaratta Rural City, VIC?

Such sectors as Health Care and Social Assistance, Retail Trade, Manufacturing, Education and Training make up the largest part of the employment.

What are the dominant demographic groups in Wangaratta Rural City, VIC?

Among approximately 28000 people in Wangaratta Rural City males and females make roughly 48% and 52% respectively. The median age of people is 45 years. Children aged 0-14 years account for approximately 18% of the population, and those aged 65+ years account for 23%.

How is unemployment rate trending in Wangaratta Rural City, VIC?

Among approximately 13000 people employed, roughly 54% work full-time, 35% work part-time, and an estimated 5% are unemployed.

Suburbs/localities in this Local Government Area: Glenrowan 3675, Greta 3675, Greta South 3675, Greta West 3675, Hansonville 3675, Killawarra 3678, King Valley 3678, Laceby 3678, Londrigan 3678, Markwood 3678, Meadow Creek 3678, Milawa 3678, Moyhu 3732, Murmungee 3747, Myrrhee 3732, North Wangaratta 3678, Oxley 3678, Oxley Flats 3678, Peechelba East 3678, Rose River 3678, Springhurst 3682, Tarrawingee 3678, Upper Lurg 3673, Bobinawarrah 3678, Wabonga 3678, Waldara 3678, Wangandary 3678, Wangaratta 3677, Wangaratta South 3678, Whitfield 3733, Whitlands 3678, Whorouly 3735, Whorouly East 3735, Whorouly South 3735, Boorhaman 3678, Boorhaman East 3678, Boorhaman North 3685, Boralma 3682, Boweya 3675, Bowmans Forest 3735, Bowser 3678, Byawatha 3678, Carboor 3678, Cheshunt 3678, Cheshunt South 3678, Docker 3678, Dockers Plains 3678, East Wangaratta 3678, Edi 3678, Edi Upper 3678, Eldorado 3746, Everton 3678, Everton Upper 3678

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