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Wandong, VIC 3758

Home » VIC Real Estate Data » Mitchell Shire, VIC » Wandong, VIC 3758

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Wandong, VIC 3758 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to 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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Yield 

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Buy 

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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
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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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0 thoughts on “Wandong, VIC 3758”

  1. The total adult population (15 years or older) of Wandong 3758 VIC is 1,170, with a median age of 40. Of those, 49.57% are married, 9.74% are divorced or separated, 36.92% are single and 2.91% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $9,096. The median monthly mortgage repayment for households in this suburb is $1,842 which is 20.25% of their earnings.

    Source: ABS Census Data (2021)

  2. Wandong, postcode 3758, is a charming suburb nestled in Victoria, boasting an estimated 634 households. As we delve into the Q3 2023 statistics for this area, we see a typical house price standing at $916,957. These homes tend to generate a median weekly rent of $530, producing a decent indicative yield of 3.0% that aligns with the minimum attractive market requirement for property investors.

    Wandong showcases a solid IRSAD score of 1002 out of 1217, revealing a respectful socioeconomic status among its residents. Interestingly, the renter to owner ratio is relatively low at 8%, which is favourable for long-term returns and reduced risk. Further adding to the suburb’s appeal is having no discernible dominance of units over houses, as indicated by a units to houses ratio of 0%.

    However, a few challenges emerge when we observe the Affordability Index, which stands at 40 years. This not only exceeds the standard 30-year mortgage term but also indicates a lower level of accessibility for prospective property buyers.

    From the perspective of supply metrics, Wandong has a stock on market Percentage for houses at 1.26%, teetering on the high end of the neutral range and could infer a higher supply. Moreover, the suburb’s inventory level reaches 6.4 months, which is above the favourable level, suggesting that the market may be experiencing an oversupply. Another potential oversupply indicator is the building approvals Ratio for houses, that soars at 10.25%.

    Turning our attention to demand metrics, we notice houses in Wandong average 132 days on the market— a considerable wait time, suggesting a lower demand in this locale. Meanwhile, the vacancy rate (combined houses and units) is relatively neutral at 2.08%, implying a balanced market regarding available rentals.

    Lastly, the buy search index for houses sits at 3. This value, although not alarmingly low, hints at a limited level of demand.

    In conclusion, despite some favourable metrics, the Wandong property market presents some challenges, particularly around supply and demand. Careful analysis and consideration of the broader market trends are essential when thinking about investing in this locale. As always, stay tuned with market updates, and consider tools like HtAG Analytics’ Relative Composite Score for a comprehensive understanding of the property market dynamics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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