Wodonga Property Market Update 2nd Half 2025
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 located in Wodonga, atop “Henri’s Bakery”.
Property Trends
In Q2 2025, Wodonga recorded a median house price of $625,000 and a median vacant land price of $231,750. This represents an annual (Q2 2024 – Q2 2025) median price growth of 9.6% for houses and 7.8% for vacant land. This confirms an ideal time for owners to capitalize on their investments. Comparing Q2 2024 and Q2 2025, house sales increased by 3.6% (to 200 sales in Q2 2025), signalling ongoing buyer confidence and solid market demand. In contrast, land sales dropped significantly to only 32 sales, signalling a clear undersupply land market. Combined, these market dynamics created a buffer against higher interest rates, thus continued price growth. With limited houses (17) planned in 2025, competition is likely to intensify; thus, buyers must act fast.
Project Development
Wodonga will see approx. $142.0M of new projects commencing in 2025. This includes approx. 8 units, 70 townhouses, 17 dwellings, and 42 land lots. Although there are several residential projects planned for 2025, the number of ready-to-sell stock is not enough to answer current demand; especially compared to Q2 2025 (200) house sales numbers. Thus, an undersupply is likely, which will result in higher property prices.
Rental Market & Growth
House rental yields in Wodonga were 4.3% as of June 2025, on par with Wodonga LGA (4.2%) and higher than Melbourne Metro (3.1%). This is paired with a 10.4% growth in median house rental price in the past 12 months to Q2 2025, to $550 per week; along with a -1.1% decline (to 173 rentals in Q2 2025) in the number of houses rented. Overall, this suggests an undersupplied and competitive house rental market in Wodonga.
Vacancy Rates & Property Investment
Wodonga recorded a vacancy rate of 0.5% in June 2025, significantly below Melbourne Metro’s 1.8%. Vacancy rates have increased slightly in the past 12 months, indicating investors have returned to market. Moreover, a 0.5% vacancy rate is well below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, thus quicker occupancy of rental properties in Wodonga. This suggests a sustainable investment environment. With a more affordable entry price than Melbourne Metro, Wodonga is an attractive investment alternative for investors.
