Question 1

Is Baranduda a nice place to live?

Accepted Answer

Baranduda is a semi-rural suburb on the southern fringe of Wodonga with a country feel: larger blocks, hobby farms and pockets of newer housing set among paddocks and native bushland give residents space for gardens, animals and outdoor recreation. Life here is quieter than the city and it commonly suits families and people who commute into Wodonga or Albury for work. Local facilities are modest, with broader shopping, schools and health services reached in Wodonga and the surrounding region.

Home to 3,041 people with a median age of 37, Baranduda is strongly family-focused and most dwellings are owner-occupied (85.1%). The Baranduda Fields Sporting Complex provides lit soccer fields, a pavilion and grandstand, an Australian Rules oval with lighting, netball courts, changerooms, toilets, car parks and shared paths. The suburb also falls inside a large precinct structure plan that will guide long-term delivery of schools, open space, drainage and transport and provides for several thousand dwellings as the area develops. Whether it suits you depends on how much you value space and a quieter, semi-rural setting.

Question 2

Is it expensive to live in Baranduda?

Accepted Answer

A median house price of $750,000 in Baranduda works out to about 6.9 times a typical local household's annual income at the last Census (weekly income $2,090 × 52 = $108,680). A house rent of $625 a week would take about 29.9% of a typical local household's weekly income at the last Census, just under a third. On these figures, buying sits well above what people locally earned at the last Census, while renting takes a moderate share of income, so renting looks the less stretched option.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Baranduda a good place to invest?

Accepted Answer

Over the past 12 months the house side of the market in Baranduda posted solid gains. Median house values rose 9.6% while house rents increased 5.0% over the year.

Put simply, price growth outpaced rental growth on houses this year, so capital growth was the stronger performer. If rental income is your priority the 5.0% rent rise is the figure that matters; if you care most about capital growth the 9.6% lift will be more relevant. Whether that suits your objectives depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$750K	N/A
Change in value Past 12 months	9.6%	N/A
Sold Past 3 months	29	N/A
Median days on market Past 12 months	34	N/A
Average rent Past 12 months	$625	N/A
Change in rent Past 12 months	5.0%	N/A

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