Woodlands has had a A very good year for property investment returns compared to the rest of WA, giving investors a capital gain of 12.29% to date .
Across a shorter period, Woodlands, 6018 has seen a median price increase of 0.00% over the last quarter.
Sellers are offering property buyers an average discount of -6.40% to buyers in Woodlands at the moment, which is less than average for the rest of WA.
On average over the past year, suburb has had 4.83 sales per month, which equates to 58 per year.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 1.98%, investors should hope to achieve an overall return of 3.56%
LACK OF BUYER INTEREST may well be the reason that Woodlands is offering property investors an average of -8.73. This rate of discount on properties puts Suburb at number 8th in terms of most discounted suburbs in WA
Renters in Suburb are facing rents around $4200 per annum or $350 every week.
Woodlands is one of the most expensive suburbs in Western Australia, with a median house price of $890,000. This could account for the decline in prices over recent years. Nonetheless, Woodlands recorded 4.7% growth over the December 2016 quarter, suggesting that the suburb could be on the rise.Full summary
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Nature hub struggles with high prices
Median house price: $890,000
Three-year growth: -2.20%
Rental yield: 3.10%
Known for naming its streets after trees, the suburb of Woodlands is regarded as one of Perth’s original northern suburbs.
It is also one of the most expensive suburbs in the state, with a median house price of $890,000. This could account for the decline in prices over recent years. Nonetheless, Woodlands recorded 4.7% growth over the December 2016 quarter, suggesting that the suburb could be on the rise.
Due to the high prices, the rental returns earned average only 3.1%. However, those selling benefit from the low discount rates they can offer.
Woodlands, true to its name, emphasises nature through the establishment of many parks and reserves. There is a large open space around Jackadder Lake, which also serves as an outdoor recreation spot. Woodlands’ shopping district, Woodlands Village, is located in the centre of the suburb. There are also two public schools and a village for retiree residents.Close