28 Mather Street, Wangaratta VIC 3677
28 Mather Street, Wangaratta VIC 3677
Detached house | established street | school catchment | investor appeal | moderate block
A well-positioned detached house is offered in a settled residential area of Wangaratta. Its practical layout is expected to appeal to first-home buyers and investors, with a block size that allows for outdoor entertaining and potential side access. The property is located within a school catchment that supports steady family demand. The low-maintenance character and reasonable proximity to local services are considered competitive advantages. This property is best suited for those seeking an affordable entry point into a regional market with reliable rental fundamentals.
The value may be affected by the condition of original finishes and any prior updates. Market sentiment in this segment might respond to interest rate movements and regional migration trends. The property’s aspect and the street’s character might also influence buyer perception. A lack of significant overlays may provide future flexibility, though this should be verified before a final decision.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Mather Street, Wangaratta VIC 3677
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Wangaratta is a regional Victorian market with established infrastructure and highway links to Melbourne. Demand is driven by investors and owner-occupiers: 44% of owners hold mortgages, moderate population growth and strong income growth support buyer interest, including 1,751 monthly inquiries. House prices are $525,000–$530,000, with growth ranging from flat to 16.7%, indicating a stable yet uneven market. Units outperform, at $355,000–$391,750 with 9.7–13.6% annual growth, weekly unit rents of $360–$385, and gross yields near 5.4% versus 4.3% for houses. Sales velocity is moderate, with houses on the market 27–44 days and annual volumes of 298–404. The main constraint is affordability: household income is below the regional average, elevating rate sensitivity and capping price growth for higher-end stock.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 19 Mather Street (recently sold) $395,000; 48 Mather Street (price withheld) | Property Price Band: $400,000–$500,000 | Value Drivers: condition, block size, school access
Bedrooms
3
Bathroom
1
Parking
1
Land
534m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!