If you compare the increase in value of investment property in Woodlands, 6018 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this WA suburb was 9.30%.
Over the longer term, Woodlands has seen property prices show investors a -1.57% return over the last 3 years. This is an improvement over the last 12 months
Property investors looking for a bargain in Woodlands should be aiming for at least -6.71% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1535 in a list of fastest selling suburbs, Woodlands is just in the top half of suburbs in Australia with an average of days on market 67.43 for properties listed there.
The WA suburb of Woodlands, 6018 is in the Stirling local government area.
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