WA has seen average median house prices change by -1.92% which means that Woodlands, 6018 has not done well for property investors by showing a capital gain of -6.32% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Woodlands has fallen somewhat when compared to the 5 year average annual rate.
Vendor discounting in Woodlands is giving property investors an average Vendor Discount of around -6.32%. This puts suburb at number 293th in WA when ranking the most discounted suburbs.
Residents and property investors in Woodlands have been waiting around 55.1 days to sell a property.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 2.92%, without taking into account capital value appreciation, which has been averaging out at 0.13%.
Woodlands, 6018’s gross rental yield is 4.80%
Woodlands is one of the most expensive suburbs in Western Australia, 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.Full summary
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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.Close