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Great Western vs Wodonga

Property investment comparison - Great Western, VIC 3374 vs Wodonga, VIC 3690

Head-to-head across core investment metrics: Great Western wins 1, Wodonga wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricGreat WesternWodonga
Median house price$645K$645K
Median unit price$215K$415K
Gross rental yield (houses)3.00%4.40%
Gross rental yield (units)-5.33%
1-year house growth-+12.3%
3-year house growth-+18.4%
Vacancy rate4.0%1.4%
Population42520,259

Great Western vs Wodonga: what the numbers say

Houses cost about the same in both suburbs: the median house price is $645K in Great Western and $645K in Wodonga.

For units, Great Western sits at a median of $215K against $415K in Wodonga, which makes Great Western the more affordable unit market and Wodonga the pricier one.

On cash flow, Wodonga leads: houses there return a gross rental yield of 4.40%, compared with 3.00% in Great Western, a gap of 1.40 percentage points.

Rental vacancy is 1.4% in Wodonga and 4.0% in Great Western, so landlords in Wodonga face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Wodonga is the bigger suburb, with a population of 20,259 against 425, roughly 48 times the size of Great Western; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Wodonga for rental income, Wodonga for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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