Woodridge has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -2.21% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Woodridge comes in at number 652th in QLD.
LACK OF BUYER INTEREST may well be the reason that Woodridge is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 222th in terms of most discounted suburbs in QLD
A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.58%, without taking into account capital value appreciation, which has been averaging out at 1.39%.
Woodridge has had a very poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -12.00% to date .
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.
Woodridge, 4114 is offering QLD ‘s 13th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this QLD.
Advertised rents are around the $265 mark per week – giving a return of 8.35% based on the median price in Suburb
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%.