Question 1

Is Wodonga a nice place to live?

Accepted Answer

Wodonga sits on the Victorian side of the Murray River opposite Albury and functions as a regional service centre with a compact CBD, shopping and health services. The suburb features a mix of established residential streets and newer suburban estates, riverside parks, walking and cycling routes and recreational opportunities on the river, and a network of road and rail links on the interstate corridor that make travel straightforward.

It is a community of 20,259 people with a median age of 39, and homes are more often owner-occupied than rented, with about three in five dwellings owner-occupied (30.9% owned outright and 30.6% owned with a mortgage) and 38.4% rented. Families are dominated by couples, who make up 76.4% of families. Regional hospital planning and water and transport upgrades are under way or being advocated for locally, which could influence services. For people wanting a quieter regional lifestyle while retaining shops, health services and river recreation close by, Wodonga is the kind of place that fits that brief; whether it suits you comes down to what you want from a suburb.

Question 2

Is it expensive to live in Wodonga?

Accepted Answer

At a median house price of $655,000, buying a house in Wodonga works out to about 9.2 times a typical local household's annual income at the last Census, which is a high multiple against local incomes.

On the rental side, a house rent of $540 a week would take roughly 39.5% of a typical local household's weekly income at the last Census, a sizeable share, while a unit at $370 a week would take about 27.1%, a moderate share. If you're deciding between renting and buying, those are the figures that matter for most people's budgets.

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 Wodonga a good place to invest?

Accepted Answer

The clearest feature in Wodonga over the past 12 months is the strength in values: unit median value climbed 18.4%, a strong rise, while house median value also rose strongly at 10.2%. By contrast, rents moved more quietly but still solidly, with house rents up 5.9% and unit rents up 5.7% over the year.

For someone weighing Wodonga as an investment, the value figures are the ones tied to capital growth and they showed larger gains this year — particularly for units. The rent figures speak to rental income and grew at a steadier, solid pace. Whether that balance suits your goals and circumstances is for you to decide.

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	$655K	N/A
Change in value Past 12 months	10.2%	18.4%
Sold Past 3 months	98	5
Median days on market Past 12 months	28	23
Average rent Past 12 months	$540	$370
Change in rent Past 12 months	5.9%	5.7%

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