Suburb Profile Report for Woodville North SA (5012)

Woodville North House: Median price $403,000, Annual capital growth 2.12%, Number of sales 39, Weekly median advertised rent $385

Woodville North Unit: Median price $281,250, Annual capital growth 1.05%, Number of sales 12, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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.

Information supplied by:


April 2019

M
O

W
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Negative growth pulls prices down

Postcode: 5012

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.

Metrics i HOUSE UNIT
$403,000 $281,250
0.00% 1.35%
1.23% -0.27%
2.12% 1.05%
$385 $330
39 12
4.97% 6.10%
58.3333333333333 78.4

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2307
Median household income ($/weekly) 815
Median age of persons 36
Median housing loan repayment ($/monthly) 1625
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 273 11.8
    25-34 years 368 16.0
    35-44 years 339 14.7
    45-54 years 313 13.6
    55-64 years 221 9.6
    Others 793 34.4
    Age Group
    Census Count Percent(%)
    Not Married 899 51.0
    Registered Married 717 40.6
    Defacto Relationship 148 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 1217 56.1
    Indonesia 120 5.5
    United Kingdom 68 3.1
    Viet Nam 303 14.0
    Other 171 7.9
    Others 289 13.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 338 16.0
    Christianity 1134 53.7
    Hinduism 63 3.0
    Islam 91 4.3
    No Religion 442 20.9
    Others 43 2.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 100 12.5
    $400-$599 117 14.6
    $600-$799 93 11.6
    $800-$999 82 10.3
    $1,500-$1,999 91 11.4
    Others 317 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 780 43.6
    Employed, worked full-time 545 30.5
    Employed, worked part-time 296 16.5
    Unemployed, looking for work 106 5.9
    Employed, away from work 62 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 145 16.0
    Technicians & trades workers 119 13.1
    Community & personal service workers 116 12.8
    Clerical & administrative workers 107 11.8
    Labourers 159 17.5
    Others 260 28.7
    Occupation
    Census Count Percent(%)
    Infants/Primary 179 30.2
    Secondary 159 26.9
    Technical or Further Educational Institution 84 14.2
    University or other Tertiary Institutions 122 20.6
    Other type of educational institution 25 4.2
    Others 23 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1578 71.5
    Flat, unit or apartment 317 14.4
    Semi-detached, row or terrace house, townhouse 308 14.0
    House or flat attached to a shop, office 4 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 328 37.6
    Being purchased 264 30.3
    Fully owned 253 29.0
    Other tenure type 27 3.1
    Tenure Type
Census 2011, ABS
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