Property investors who have had real estate in Woodville North, 5012 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%
Taking the average capital gain, or increase in median house value, Woodville North,5012 has racked up an average of 0.00% over the period. This ranks it number 59th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Woodville North is offering property investors an average of -2.27. This rate of discount on properties puts Suburb at number 115th in terms of most discounted suburbs in SA
On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.
Renters in Suburb are facing rents around $33800 per annum or $650 every week.
If you compare the increase in value of investment property in Woodville North, 5012 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this SA suburb was 24.31%.
The five-year average increase in median property values for Woodville North,5012 has given property investors a potential capital gain of 105.12% across each of those five years.
Woodville North5012 is located in SA which offers an average discount of -2.35% to property investors. Woodville North itself is showing figures that indicate -5.86% is the average achievable by property buyers investing in the suburb.
At number 1533 in a list of fastest selling suburbs, Woodville North is in the bottom 30% of suburbs in Australia with an average of days on market 60.75 for properties listed there.
Woodville North is 171th on a list of best yielding suburbs for rents in SA with a 0.00% return
Information supplied by:
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.