Question 1

Is Wahgunyah a nice place to live?

Accepted Answer

Wahgunyah is a small riverside town on the Victorian bank of the Murray River facing Corowa. It retains a quietly historic character, with a compact main street of period buildings, small shops and a riverside hotel, and a riverbank popular for boating, fishing and walks. The town sits on the edge of the Rutherglen wine region, with vineyards and rolling hills close by, and housing that ranges from weatherboard cottages and river blocks to larger rural properties.

This community of 1,061 people has a median age of 49. The typical household earns $1,280 a week, roughly $66,560 a year.

Families are dominated by couples: 48.5% are couple families without children and 36.2% are couple families with children. Together those two couple-family types account for 84.7% of families. One-parent families make up 12.9% and other families 2.3%.

Homes in Wahgunyah are mostly owner-occupied: 45.9% are owned outright and 37.8% are owned with a mortgage, a combined 83.7% owner-occupied, while 16.3% are rented. Owner-occupiers outnumber renters by about five to one.

Question 2

Is it expensive to live in Wahgunyah?

Accepted Answer

Wahgunyah hasn't had enough recent sales or rentals to put reliable figures on what homes cost to buy or rent. Without those property figures, there isn't a clear picture of how expensive it is to live here compared with local incomes as recorded at the most recent Census.

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 Wahgunyah a good place to invest?

Accepted Answer

House values in Wahgunyah fell 17.8% over the past 12 months, a sharp decline in the capital value of houses through the year.

If you are weighing Wahgunyah up as an investment, that house figure is the capital-growth number to watch; whether a sizeable fall in value over the year matters to you will depend 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	N/A	N/A
Change in value Past 12 months	-17.8%	N/A
Sold Past 3 months	3	N/A
Median days on market Past 12 months	64	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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