Investment property in Woodville North has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.23%
Woodville North,5012 has offered an average of 1.23% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Woodville North is offering property investors an average of -6.73. This rate of discount on properties puts Suburb at number 72th in terms of most discounted suburbs in SA
At number 638 in a list of fastest selling suburbs, Woodville North is in the TOP 20% of suburbs in Australia with an average of days on market 58.3333 for properties listed there.
Woodville North, 5012 ranked 44th in SA when comparing growth in median property values or capital gain over the last 12 months. Woodville North is one of 853 in our list for SA
Over the longer term, Woodville North has seen property prices show investors a 5.93% return over the last 3 years. This is worse than over the last 12 months
Often selling an investment property can take time, and in Woodville North the average time real estate has been on the market is 78.4 days.
Situated 7.97km from the CBD, Woodville North is one of Charles Sturt (C) localities in the postcode 5012.
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Negative growth pulls prices down
Median unit price: $282,000
Stock on market: -3.1%
12-month growth: -11.6%
The northwest Adelaide suburb of Woodville North is a mainly residential pocket that supports – and is supported by – an industrial area.
Prices are low here, with units logging a median value of less than $300,000 following a drop of 11.6% in the 12 months to February 2019. A fall in dwelling supply may be able to help spur demand coupled with the low values.
Woodville North is only 10km from the Adelaide CBD, and it is bordered by amenities-rich suburbs like Pennington and Mansfield Park. The nearest primary school is located over in Pennington, but Woodville High School is situated in Woodville North itself. Hanson Road contains shops and a medical centre, while Arndale shopping centre has been established near the area.
Woodville North is served by several buses running along the roads, including the 253, 254 and 253X routes.