Wodonga Market Update 1 st H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW In Q4 2024, Wodonga* recorded a median house price of $573,500 and a median vacant land price of $220,000. This represents stable house price growth in the past 12 months to Q4 2024) and a slight softening of -2.2% for vacant land. Interestingly, on a 6 months basis (to Q4 2024) median price grew by 1.6% for houses and 2.3% for vacant land, which indicates buyer demand has returned. Comparing Q4 2023 and Q4 2024, total sales increased by 17.9% for houses and surged by 53.8% for vacant land, highlighting a highly-demanded market. With most of the planned supply in 2025 being vacant land, which will require time for construction, buyers should seize this opportunity to enter the market.
CHANGE FROM LAST
YEAR
Wodonga£ will see approx. $576.5M of new projects commencing in 2025. Residential
$32.5M
Commercial
$30.2M
Industrial
$10.1M
Mixed-Use Projects
$46.2M
HALF YEAR
HOUSE SALE S
Infrastructure
$457.5M
HOUSE ME DIAN PRICE HOUSE RE NTAL PRICE
A main infrastructure project is Kiewa Valley Highway Battery Energy Storage System - Baranduda Bess. This project will construct the installation of a 400MW/1800 MWh Battery Energy Storage System, control room and substation.
LAND SALE S LAND ME DIAN PRICE
Key residential projects include:
$ MARKET CONDITIONS MEDIAN PRICE Q4 2024
$573K
$220K
MEDIAN PRICE Q4 2024
$500
SALES
AVERAGE DAYS ON MARKET Q4 2024
52
100
HOUSE
L A N D
RENTALS
$392
•
92 Martins Road Residential Subdivision (530 Lots)
•
3 Sage Court Units (9 Units)
•
448A Boyes Road Dwellings (5 Dwellings)
Although there are ample land lots planned, this will require time before hitting the market as ready-to-sell stock. With insufficient new stock to answer demand, the median house price is expected to increase further.
AVERAGE DAYS ON MARKET Q4 2024
18
16
HOUSE
U N I T
17 Units/ Apartments
70 Townhouses
8 Dwellings
594 Lots