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.
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