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Baranduda suburb profile

Baranduda is a picturesque suburb located in Victoria's northeast, approximately 10km from the regional city of Wodonga. Known for its serene natural surroundings and community-focused atmosphere, Baranduda offers a peaceful lifestyle with easy access to urban amenities. The suburb is characterized by its lush landscapes, including parks and reserves, making it ideal for outdoor enthusiasts and families. Baranduda's growing residential developments cater to a diverse population, while its proximity to educational institutions and local services enhances its appeal. The suburb's blend of tranquility and convenience makes it a desirable location for those seeking a balanced lifestyle.

Baranduda property market performance

Baranduda's property market has shown positive growth over the past 12 months, with house values increasing by 4.7%. The current median house price stands at $680,000, reflecting a steady demand in the area. However, there has been no activity in the unit market, with no units sold or rented, indicating a lack of supply or demand for this property type.

In terms of sales activity, 24 houses have been sold in the past 12 months, with houses spending a median of 36 days on the market, suggesting a relatively brisk pace for sales. The absence of unit sales further highlights the focus on houses in Baranduda.

The rental market for houses has also seen an increase, with average rents rising by 6.8% over the last 12 months, reaching $630. This suggests a strong demand for rental houses in the suburb, while the unit rental market remains inactive.

HousesUnits
Median price
Past 3 months
$660KN/A
Change in value
Past 12 months
6.8%N/A
Sold
Past 3 months
21N/A
Median days on market
Past 12 months
35N/A
Average rent
Past 12 months
$630N/A
Change in rent
Past 12 months
7.7%N/A

5 year median price trend for houses and units

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Baranduda demographics

Baranduda, located in Victoria's picturesque northeast, is a charming suburb known for its family-friendly environment and close-knit community. With a population of 3,041, Baranduda offers a serene lifestyle, making it an attractive choice for families and those seeking a peaceful setting. The median age of 37 indicates a balanced mix of young families and established residents, contributing to a vibrant community atmosphere.

The suburb's housing landscape is predominantly owner-occupied, with 56.7% of properties owned with a mortgage and 28.4% owned outright. This high rate of home ownership reflects the suburb's appeal to families looking for stability and long-term residence. Rental properties make up only 15% of the housing market, suggesting a strong preference for home ownership among residents.

Family life is a central aspect of Baranduda, with nearly half of the households being couple families with children (49.6%) and a significant portion being couple families without children (41.0%). The presence of one-parent families, although smaller at 9.0%, adds to the suburb's diverse family dynamics. With a median total household income of $2,090 per week, Baranduda offers a comfortable living standard, supported by its proximity to the regional hub of Wodonga, providing access to employment, education, and recreational opportunities.

Suburbs near Baranduda

Some popular suburbs near Baranduda include:

  • Killara: Known for its scenic landscapes and rural charm, Killara is located to the north of Baranduda.
  • Leneva: Offering a peaceful residential environment with growing development, Leneva lies to the west of Baranduda.
  • Bonegilla: Known for its historical significance and natural beauty, Bonegilla is situated to the east of Baranduda.
  • Wodonga: A bustling regional city with diverse amenities and services, Wodonga is located to the northwest of Baranduda.
  • Kiewa: Featuring a rural setting with a strong community feel, Kiewa is situated to the south of Baranduda.

How does Baranduda compare to nearby suburbs?

  • Median house prices: Baranduda’s median house price is 12.8% lower than Leneva’s.
  • House price growth: Property prices in nearby Killara have risen 3.7% more than in Baranduda over the past year.
  • Selling speed for houses: Properties in Baranduda are selling 50.7% faster than in Leneva.

Choose the right real estate agents in Baranduda

Choosing the right real estate agent in Baranduda can have a big impact on your sale. While there are 33 real estate agents working in the suburb, but just 5 of them were responsible for 44.4% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2% to 3.13%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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