Over the last year, property investments in Woodlands, 6018 have given investors a capital gain of 1.76%. This compares favourably with the -1.74% for WA as a whole.
Comparing Woodlands,6018 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Woodlands is offering property investors an average of -8.00. This rate of discount on properties puts Suburb at number 272th in terms of most discounted suburbs in WA
A $550 per week rent on the median house gives suburb investors a gross yield of circa 3.09%, without taking into account capital value appreciation, which has been averaging out at 0.92%.
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Nature hub struggles with high prices
Median house price: $890,000
Three-year growth: -2.20%
Rental yield: 3.10%
Known for naming its streets after trees, the suburb of Woodlands is regarded as one of Perth’s original northern suburbs.
It is also one of the most expensive suburbs in the state, with a median house price of $890,000. This could account for the decline in prices over recent years. Nonetheless, Woodlands recorded 4.7% growth over the December 2016 quarter, suggesting that the suburb could be on the rise.
Due to the high prices, the rental returns earned average only 3.1%. However, those selling benefit from the low discount rates they can offer.
Woodlands, true to its name, emphasises nature through the establishment of many parks and reserves. There is a large open space around Jackadder Lake, which also serves as an outdoor recreation spot. Woodlands’ shopping district, Woodlands Village, is located in the centre of the suburb. There are also two public schools and a village for retiree residents.