Wangaratta Rural City, VIC

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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Capital Growth Heatmap

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.

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Yield chart
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Demand chart
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unit to houses pie charts
Renters to owners pie chart
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IRSAD chart
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Index chart
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GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

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SOM chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

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DOM chart
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Inventory chart
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Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
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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.

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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