At number 4136th in the list of Australian suburbs ordered by increase in median house value over the last year, Woodend, 4305 is in the BOTTOM 10% with a property value increase of -8.79% recorded in median house prices.
Over the longer term, Woodend has seen property prices show investors a -1.45% return over the last 3 years. This is worse than over the last 12 months
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.90% offered to property buyers. Sellers in Woodend itself are offering an average vendor discount of -7.30% to real estate investors.
Woodend is 238th on a list of best yielding suburbs for rents in QLD with a 5.20% return
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.