Giving property investors a an unimpressive capital gain of 9.11% for the last year, Woodridge, 4114 is the 2807th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Woodridge has given property investors a paper return of 2.00%. This puts Suburb as 651 on a list of fastest fasting appreciating suburbs in QLD
Property buyers and investors in Woodridge 4114 should be seeing an average reduction in asking price of around -5.71% . This means that Woodridge is holding prices well when compared to other suburbs in QLD.
Property investors should expect to get $330 weekly from the median priced house in this suburb.
Woodridge, 4114 ranked 199th in QLD when comparing growth in median property values or capital gain over the last 12 months. Woodridge is one of 2415 in our list for QLD
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Woodridge has fallen somewhat when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -6.35% to buyers in Woodridge at the moment, which is less than average for the rest of QLD.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 7.73%, without taking into account capital value appreciation, which has been averaging out at -1.16%.
Information supplied by:
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%.