Woodroffe

POSTAL CODE: NT, 830

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 16.67% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $525,000

The augmented property values in the suburb are trailing above the territorial average of 7.87% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $600.

Home owners selling their properties and realtors in WOODROFFE usually have to wait an average of 49.9 days days before their assets are lifted off the market.

The NT suburb ranks 20th on the list of best yielding suburbs for rental properties in NT, posting a 5.94% return.

It also places places 13th in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that WOODROFFE, 830 obtained a 0% decrease over a ten-year period. It ranks 1915th on our list of suburbs that property investors should look into.

WOODROFFE, 830 has a capital gain of 0% for the past year, which is average compared to its 0% growth within a five-year period.

With the median home price in WOODROFFE sitting at $300,000, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in WOODROFFE are average, as opposed to average gains per annum over the past five years.

WOODROFFE, 830 in NT belongs to the local government area of Palmerston.

Surburb overview

"Woodroffe is a family-oriented and suburban enclave in the City of Palmerston, offering residents a peaceful lifestyle with access to essential amenities and a strong sense of community. Nestled in the northern suburbs of Darwin, Woodroffe provides a serene living environment with convenient proximity to the city’s amenities.

Woodroffe is situated approximately 23 kilometres to the northeast of Darwin’s central business district (CBD). While it is a bit removed from the city centre, its tranquil suburban setting offers a balanced lifestyle.

With a population of around 3,000 residents, Woodroffe is a diverse and close-knit community. The suburb attracts a mix of families, professionals and retirees, creating a harmonious blend of cultures and backgrounds.

Woodroffe enjoys efficient public transportation connectivity, with regular bus services linking it to Palmerston’s CBD and Darwin. This makes commuting and exploring the city convenient for residents.

The suburb is well-equipped with essential amenities. Families with children have access to quality education through institutions like Woodroffe Primary School and nearby Palmerston Senior College. The nearby Gateway Shopping Centre has a variety of retail shops, dining options and entertainment facilities.

Woodroffe presents a range of recreational opportunities. The suburb features several parks and green spaces ideal for outdoor activities and family outings. The nearby Palmerston Water Park provides a fun-filled aquatic experience for residents of all ages.

Woodroffe offers a peaceful suburban lifestyle with easy access to essential amenities and recreational opportunities. Its diverse and close-knit community, educational institutions and proximity to Palmerston and Darwin make it an appealing choice for individuals and families seeking a relaxed yet well-connected place to call home in the territory."

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$525,000	$300,000
Growth Report
Median Quarterly	8.25%	0%
Median 12 month	19.32%	0%
Median 3 years	16.67%	0%
Median 5 years	50%	0%
10 years average annual	1.03%	0%
Weekly media advert. rent	$600	N/A
Time on Market	49.9 days	N/A
Gross Rental Yield Percent	5.94%	0%

Demographics (Median Values)*

Total Population 18207

Weekly Household Income 2035

Household Size 2.80

Average Age 31

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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