Property value increases in Woodridge have tracked just higher than the QLD average of 1.98% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Woodridge has increased when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.32% offered to property buyers. Sellers in Woodridge itself are offering an average vendor discount of -6.05% to real estate investors.
On average over the past year, suburb has had 12.58 sales per month, which equates to 151 per year.
Situated 19.50km from the CBD, Woodridge is one of Logan localities in the postcode 4114.
Woodridge has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.84% to date .
Comparing Woodridge,4114 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Woodridge should be aiming for at least -5.29% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 141 properties changed hands in Woodridge, which puts it as the 62th most active market in QLD when comparing the number of sales per suburb.
Woodridge, 4114’s gross rental yield is 6.87%