Woodlands has had a pretty average year for property investment returns compared to the rest of WA, giving investors a capital gain of 12.91% to date .
While Woodlands,6018 ranked number 75th in WA for increase in median house value (annualised) increase, it is ranked 28th over the last 5 years.
Our latest figures would indicate that property sellers in Woodlands are currently offering property investors an average price cut of -5.75% below the asking price at the moment.
Often selling an investment property can take time, and in Woodlands the average time real estate has been on the market is 37.4286 days.
Using the current median advertised rental of $585 and the average annual increase in value of a median property of 1.43%, investors should hope to achieve an overall return of 2.91%
At number 953th in the list of Australian suburbs ordered by increase in median house value over the last year, Woodlands, 6018 is in the BOTTOM 50% with a property value increase of 5.03% recorded in median house prices.
Woodlands is 84th on a list of best yielding suburbs for rents in WA with a 5.45% return
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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.