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Wandiligong, VIC 3744

Home » VIC Real Estate Data » Alpine Shire, VIC » Wandiligong, VIC 3744

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 Wandiligong, VIC 3744 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.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Wandiligong, VIC 3744”

  1. The total adult population (15 years or older) of Wandiligong 3744 VIC is 410, with a median age of 47. Of those, 55.37% are married, 12.20% are divorced or separated, 28.05% are single and 2.44% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,580. The median monthly mortgage repayment for households in this suburb is $1,400 which is 18.47% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the cosy suburb of Wandiligong, 3744 is predominantly a residential area that houses an estimated 299 households. As we delve into the Australian property market specifics for Q3 of 2023, the average pricing for houses in Wandiligong stands at a notable $1,288,514. Coupled with a median weekly rent of $473, this translates to an indicative yield of 1.91%, slightly lower than the desired 3% marker attractive for cashflow-centric property investors.

    The socio-economic fabric of Wandiligong is rather impressive with an IRSAD score of 1026 out of 1217, pinpointing a healthy and flourishing socio-economic environment. There’s an appealing balance in the renter to owner ratio in the area, with only 12% of residents being renters, indicating stability and a good blend of homeowners and renters. Interestingly, the suburb sticks primarily to houses with a units to houses ratio standing at 0%.

    However, the affordability index is somewhat constrained at 67 years, translating to a slightly less accessible and affordable market for prospective buyers. The stock on market Percentage for houses measures at 0.67% falling under the neutral range, while the inventory level lingers high at 12.0 months, indicating a slightly inflated supply in the housing sector.

    On some cautious note, Wandiligong’s building approvals Ratio for houses takes a backseat at 0.0%, further reinforcings it’s established and mature housing market. It takes approximately 95 days on average for houses to be sold on the market. The combined vacancy rate for both houses and units in the area is calculated at 2.86%, falling within the neutral demand range, suggesting a balanced demand-supply scenario.

    On a positive note, the buy search index for houses has reached a compelling 6, signalling a heightened interest and demand from potential buyers for properties in the area.

    Despite a few metrics slightly off the optimum range, Wandiligong presents a broad spectrum of opportunities for property investors. It is essential to gauge the comprehensive property market scene to make informed investment decisions, keeping an eye on evolving trends as captured by the RCS (Relative Composite Score) developed by HtAG Analytics.

    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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