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%