Suburb Profile Report for Woodville West SA (5011)

Woodville West House: Median price $450,000, Annual capital growth 3.44%, Number of sales 98, Weekly median advertised rent $390

Woodville West Unit: Median price $345,000, Annual capital growth 3.96%, Number of sales 39, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Woodville West has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.26%

Across a shorter period, Woodville West, 5011 has seen a median price increase of -2.70% over the last quarter.

Vendor discounting in Woodville West is giving property investors an average Vendor Discount of around -5.26%. This puts suburb at number 251th in SA when ranking the most discounted suburbs.

With the median price for a house in Woodville West being $450000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 4.51%

Property value increases in Woodville West have tracked just lower than the SA average of 3.02% over the last 12 months.

Property investors looking for a bargain in Woodville West should be aiming for at least -9.63% off the asking price, which is the average vendor discount being achieved at the moment.

Woodville West, 5011’s gross rental yield is 4.97%

Metrics i HOUSE UNIT
$450,000 $345,000
-2.70% N/A
-7.26% -8.00%
3.44% 3.96%
$390 $330
98 39
4.51% 4.97%
73.52 99.76

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2848
Median household income ($/weekly) 1033
Median age of persons 39
Median housing loan repayment ($/monthly) 1625
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 294 10.3
    25-34 years 416 14.6
    35-44 years 421 14.8
    45-54 years 397 13.9
    55-64 years 290 10.2
    Others 1030 36.2
    Age Group
    Census Count Percent(%)
    Not Married 1050 48.7
    Registered Married 968 44.9
    Defacto Relationship 139 6.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2010 72.5
    Indonesia 111 4.0
    Japan 78 2.8
    United Kingdom 102 3.7
    Other 130 4.7
    Others 342 12.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 1.6
    Christianity 1867 71.6
    Hinduism 51 2.0
    Islam 56 2.1
    No Religion 562 21.6
    Others 29 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 109 10.8
    $400-$599 106 10.5
    $600-$799 111 11.0
    $1,000-$1,249 112 11.1
    $1,500-$1,999 131 13.0
    Others 442 43.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 817 37.1
    Not in the labour force 815 37.0
    Employed, worked part-time 402 18.2
    Unemployed, looking for work 97 4.4
    Employed, away from work 74 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 239 18.5
    Technicians & trades workers 189 14.6
    Community & personal service workers 147 11.4
    Clerical & administrative workers 229 17.7
    Labourers 140 10.8
    Others 351 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 46 8.0
    Infants/Primary 219 38.2
    Secondary 131 22.8
    Technical or Further Educational Institution 47 8.2
    University or other Tertiary Institutions 101 17.6
    Others 30 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2138 80.2
    Semi-detached, row or terrace house, townhouse 359 13.5
    Flat, unit or apartment 158 5.9
    House or flat attached to a shop, office 10 0.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 384 35.2
    Rented 370 33.9
    Fully owned 331 30.4
    Other tenure type 5 0.5
    Tenure Type
Census 2011, ABS
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