Woodridge has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -4.67% to date .
Taking the average capital gain, or increase in median house value, Woodridge,4114 has racked up an average of -4.67% over the period. This ranks it number 3266th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Woodridge is giving property investors an average Vendor Discount of around -7.61%. This puts suburb at number 187th in QLD when ranking the most discounted suburbs.
Property investors should expect to get $320 weekly from the median priced house in this suburb.
Woodridge is in the bottom 20% in QLD when comparing median price capital growth over the last year. Woodridge gave property investors a dismal capital gain figure when compared to the rest of the state, with -8.33%.
A -11.76% growth in median value for property investors in Woodridge,4114 puts this suburb at number 154th in terms of best performing suburbs in QLD
Vendor discounting in Woodridge is giving property investors an average Vendor Discount of around -10.45%. This puts suburb at number 6th in QLD when ranking the most discounted suburbs.
Woodridge, 4114’s gross rental yield is 8.19%
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Woodridge, QLD – Incredible rental returns
Median unit price: $180,000
Three-year growth: -7.5%
Rental yield: 7.7%
Woodridge is a large suburb of the Logan LGA that used to be part of the Tingalpa Shire. It was originally earmarked as a timber reserve in the early 1870s.
Today, it is a thriving South Brisbane suburb that is home to schools like St Paul’s Primary School, Woodridge State High school and Harris Fields State School. The Woodridge railway station is a stop on the Queensland Rail City network, although it is located in the Logan Central CBD rather than Woodridge itself. The proximity of the CBD provides access to the Logan City council offices and the Logan Art Gallery.
Woodridge will certainly catch the attention of investors through its high average yield pf 7.7%.