Suburb Profile Report for Woodlands WA (6018)

Woodlands House: Median price $965,000, Annual capital growth 2.28%, Number of sales 58, Weekly median advertised rent $500

Woodlands Unit: Median price $442,000, Annual capital growth N/A, Number of sales 10, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Woodlands, 6018 have given investors a capital gain of 7.22%. This compares very favourably with the -4.17% for WA as a whole.

Across a shorter period, Woodlands, 6018 has seen a median price increase of 1.58% over the last quarter.

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.23% offered to property buyers. Sellers in Woodlands itself are offering an average vendor discount of -5.67% to real estate investors.

Property investors should expect to get $500 weekly from the median priced house in this suburb.

Our latest figures would indicate that property sellers in Woodlands are currently offering property investors an average price cut of -12.45% below the asking price at the moment.

Often selling an investment property can take time, and in Woodlands the average time real estate has been on the market is 105 days.

Situated 8.46km from the CBD, Woodlands is one of Stirling localities in the postcode 6018.

Information supplied by:


March 2017

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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

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
Metrics i HOUSE UNIT
$965,000 $442,000
1.58% N/A
7.22% N/A
2.28% N/A
$500 $370
58 10
2.69% 4.35%
75.48 105

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3966
Median household income ($/weekly) 1408
Median age of persons 42
Median housing loan repayment ($/monthly) 2167
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 538 13.6
    35-44 years 534 13.5
    45-54 years 525 13.2
    55-64 years 400 10.1
    65-74 years 434 10.9
    Others 1535 38.7
    Age Group
    Census Count Percent(%)
    Registered Married 1659 55.4
    Not Married 1159 38.7
    Defacto Relationship 178 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2766 71.4
    Papua New Guinea 71 1.8
    South Africa 90 2.3
    United Kingdom 362 9.3
    Other 136 3.5
    Others 450 11.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 37 1.0
    Christianity 2716 72.4
    Hinduism 41 1.1
    Islam 23 0.6
    No Religion 910 24.3
    Others 22 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 141 10.2
    $600-$799 129 9.3
    $800-$999 116 8.4
    $1,500-$1,999 124 9.0
    $2,500-$2,999 171 12.4
    Others 699 50.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1184 37.9
    Employed, worked full-time 1048 33.5
    Employed, worked part-time 724 23.2
    Employed, away from work 97 3.1
    Unemployed, looking for work 73 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 282 15.1
    Professionals 607 32.5
    Technicians & trades workers 191 10.2
    Clerical & administrative workers 300 16.1
    Sales 181 9.7
    Others 305 16.3
    Occupation
    Census Count Percent(%)
    Pre-school 71 7.0
    Infants/Primary 377 37.1
    Secondary 273 26.9
    Technical or Further Educational Institution 49 4.8
    University or other Tertiary Institutions 231 22.8
    Others 14 1.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2789 73.7
    Semi-detached, row or terrace house, townhouse 943 24.9
    Flat, unit or apartment 54 1.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 766 50.9
    Being purchased 426 28.3
    Rented 302 20.1
    Other tenure type 10 0.7
    Tenure Type
Census 2011, ABS
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