Wodonga Property Market Update 1st Half 2026
Wodonga is a city on the Victorian side of the border with New South Wales, part of the twin city of Albury‑Wodonga. As of 2021 census Wodonga has a population of 38,949. Wodonga is surrounded by rich agricultural valleys, wineries, and historic towns. Fun fact – the World’s Biggest Rolling Pin is in Wodonga, atop “Henri’s Bakery”.
Property Trends
In Q4 2025, Wodonga recorded a median house price of $649,000 and a median vacant land price of $235,000. This represents an annual (Q4 2024 – Q4 2025) median price growth of 10.9% for houses and 6.8% for vacant land. Thus, now is an ideal time for owners to capitalize on their investments. Comparing Q4 2024 and Q4 2025, house sales increased by 18.6% (to 261 sales), signalling ongoing buyer confidence and high market demand. In contrast, land sales declined by -38.2% to only 63 sales, indicating a clear undersupply. Combined with lower interest rates in 2025, this has supported continued price growth. With a limited number of ready‑to‑sell dwellings planned in the 2026 pipeline, competition is likely to intensify; thus, buyers need to act fast.
Project Development
Wodonga will see approx. $815.2M of new projects commencing in 2026, 4 residential projects are planned. That said, the number of new ready‑to‑sell stock (9 units and 22 houses) is still not enough, especially compared to Q4 2025 sales of 261 houses and 63 units. Thus, an undersupply is likely, which will push up property prices even higher.
Rental Market & Growth
House rental yield in Wodonga was 3.7% as of December 2025, on par with Wodonga LGA (3.8%) and higher than Melbourne Metro (3.0%). This is paired with a 3.8% growth in median house rental price in the past 12 months to Q4 2025, to $540 per week; along with a 39.2% surge in the number of houses rented (to 231 rentals in Q4 2025). This suggests a highly demanded and competitive house rental market in Wodonga, which is beneficial to investors.
Vacancy Rates & Property Investment
Wodonga recorded a vacancy rate of 1.1% in December 2025, below Melbourne Metro’s 2.0%. Vacancy rates have increased slightly in the past 12 months, due to investors re-entering the rental market. However, a 1.1% vacancy rate is still well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, which suggests there is quicker occupancy of rental properties in Wodonga. This indicates a conducive and sustainable investment environment for investors, even with a higher median house sales price (thus, entry price) in the past 12 months to Q4 2025.
