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Wodonga Property Market Update 2nd 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”.

August 10 2026

Wodonga Market Update 2nd Half 2026

Property Trends

In Q2 2026, Wodonga recorded a median house price of $700,000 and a median vacant land price of $225,000. This represents an annual (Q2 2025 – Q2 2026) median price growth of 12.7% for houses and 4.7% for vacant land. During this time sales decreased, by -26.9% for houses (to 166 sales) and by -47.4% for vacant land (to only 41). This indicates a clear undersupply. Despite higher interest rates in 2026, these supply constraints have supported continued price growth. Thus, now remains an ideal time for owners to capitalise on their investments. With a limited number of ready-to-sell stock planned in 2026, competition is likely to intensify. Thus, buyers need to act fast.

Project Development

Wodonga will see approximately $55.2M of new projects commencing in 2026, in which 2 residential projects are planned. That said, the number of ready-to-sell stock planned (9 units and 12 houses) will not be enough, especially compared to Q2 2026 sales of 166 houses. Thus, an undersupply in housing stock is highly likely, which will push up property prices even higher.

Rental Market & Growth

House rental yield in Wodonga was 3.6% as of June 2026, on par with Wodonga LGA (3.9%) and higher than Melbourne Metro (3.3%). This is paired with a stable median house rental price growth in the past 12 months to Q2 2026, to $550 per week; along with a -16.7% decline in the number of houses rented (to 165 rentals in Q2 2025). This suggests a highly resilient and competitive house rental market in Wodonga, which is beneficial to investors; especially those looking for an affordable option to Melbourne.

Vacancy Rates & Property Investment

Wodonga recorded a vacancy rate of 0.8% in June 2026, well below Melbourne Metro’s 1.6%. Vacancy rates have increased slightly in the past 12 months, due to investors re-entering the rental market. However, a 0.8% vacancy rate is significantly below the Real Estate Institute of Australia’s healthy benchmark of 3.0%, indicating quicker occupancy of rental properties in Wodonga. This suggests a conducive and sustainable investment environment for investors, even with a higher house sales price (thus, entry price) in the past 12 months to Q2 2026.