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Peterborough vs Wodonga

Property investment comparison - Peterborough, VIC 3270 vs Wodonga, VIC 3690

Head-to-head across core investment metrics: Peterborough wins 2, Wodonga wins 3. 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.

MetricPeterboroughWodonga
Median house price$640K$645K
Median unit price$385K$415K
Gross rental yield (houses)4.06%4.40%
Gross rental yield (units)2.78%5.33%
1-year house growth-5.2%estimate+12.3%
3-year house growth-+18.4%
Vacancy rate-1.4%
Population32220,259

Peterborough vs Wodonga: what the numbers say

The median house price is $640K in Peterborough and $645K in Wodonga, so Peterborough is the cheaper entry point, with Wodonga houses about 1% dearer.

For units, Peterborough sits at a median of $385K against $415K in Wodonga, which makes Peterborough 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 4.06% in Peterborough, a gap of 0.34 percentage points.

Over the past year house prices moved -5.2% in Peterborough (an estimate) and +12.3% in Wodonga, so recent momentum favours Wodonga, while Peterborough went backwards.

Wodonga is the bigger suburb, with a population of 20,259 against 322, roughly 63 times the size of Peterborough; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Wodonga for rental income, Peterborough for a lower purchase price, Wodonga for recent price momentum. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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