If you compare the increase in value of investment property in Woodend, 4305 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -2.96%.
If we look at median property appreciation over just the last three months, Woodend has given property investors a paper return of -11.11%. This puts Suburb as 884 on a list of fastest fasting appreciating suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Woodend is offering property investors an average of -6.78. This rate of discount on properties puts Suburb at number 52th in terms of most discounted suburbs in QLD
Information supplied by:
Superstar in the state housing market
Median house price: $361,000
Three-year growth: 26.67%
Rental yield: 4.18%
Just 2km from the Ipswich CBD, the suburb of Woodend is among the top five growers in Queensland’s housing market over the past 12 months leading up to May 2017.
House prices recorded a near 29% increase during this period – this trend has been sustained into the May 2017 quarter, which saw 10.74% growth. A factor in the demand is the highly affordable median price, which just exceeds $360,000. Investors reap strong returns of over 4% as well, making it a potential win-win situation for them.
Woodend is bordered by the Bremer River, and is home to several parks. Many schools have also been established here; thus, this suburb is a great option for families with children. Residents have easy access to other amenities given the proximity to Ipswich.