Woodlands is in the TOP 20% in WA when comparing median price capital growth over the last year. Woodlands gave property investors a very good capital gain figure when compared to the rest of the state, with 4.61%.
When looking at the potential capital gains offered to property investors over the last 3 years, Woodlands comes in at number 38th in WA.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.58% offered to property buyers. Sellers in Woodlands itself are offering an average vendor discount of -7.16% to real estate investors.
With the median price for a house in Woodlands being $931000 and the advertised rent reaching $535 the gross rental yield for property investors calculates out to be 2.99%
WA has seen average median house prices change by -6.57% which means that Woodlands, 6018 has not done well for property investors by showing a capital gain of -1.97% over the last year
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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.