Woodend

POSTAL CODE: QLD, 4305

HOUSE

UNIT

WOODEND, 4305 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in QLD have risen as a whole, pulling WOODEND, 4305 values up and netting property investors a capital gain of 17.9% for the past year.

Investors saw the median home price rise to $820,000.

Profits due to an upward trend in home prices in the suburb averaged 20.05% per annum over a 3-year period.

WOODEND now ranks at the 513th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $560 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In WOODEND, homes and units usually stay on listing for an average of 23.8 days.

In 2016, 27 properties were sold in WOODEND during the past year, making it the 481st most active market in QLD based on total real estate transactions.

WOODEND ranks 27th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.

WOODEND, 4305 has a capital gain of 6.15% for the past year, which is higher than average compared to its 0% growth within a five-year period.

With the median home price in WOODEND sitting at $517,500, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.

Property investors have seen a -2.82% drop in WOODEND based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that WOODEND, 4305 obtained a 23.16% growth over a ten-year period. It ranks 1249th on our list of suburbs that property investors should look into.

Surburb overview

Woodend, situated within the City of Ipswich, Queensland, is approximately 1.6 kilometres northwest of the Ipswich Central Business District and about 45.2 kilometres southwest of Brisbane's Central Business District.

According to the 2021 Census, Woodend had a population of 1,483 residents. The suburb is characterised by its historical significance and residential heritage, with a mix of housing styles reflecting its development over time.

Public transportation in Woodend is accessible, with the nearest train station, Thomas Street Station, located approximately 18 minutes away on foot. Bus services operate in the area, providing connections to surrounding suburbs and the Ipswich central business district (CBD).

Essential establishments in Woodend include several educational institutions. Ipswich Grammar School, established in 1863, is Queensland's first grammar school and offers education from Prep to Year 12. St Mary's Primary School, St Edmund's College, and St Mary's College provide primary and secondary education within the suburb. Healthcare services are accessible in the nearby Ipswich CBD, with Ipswich Hospital serving the region.

A variety of parks and facilities support recreational activities in Woodend. Woodend Park offers sports fields suitable for rugby and open areas for general recreation. The Ipswich Rock Climbing Centre provides indoor climbing opportunities for enthusiasts. Additionally, the Woodend Nature Centre, located at 35 Williams Street, offers a natural setting for outdoor activities.

Woodend's proximity to the Ipswich CBD, combined with its historical landmarks and community facilities, contributes to its unique character within the region.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$820,000	$517,500
Growth Report
Median Quarterly	3.8%	-2.82%
Median 12 month	17.9%	6.15%
Median 3 years	60.16%	83.19%
Median 5 years	127.78%	0%
10 years average annual	12.28%	23.16%
Weekly media advert. rent	$560	N/A
Time on Market	23.8 days	N/A
Gross Rental Yield Percent	3.55%	0%

Demographics (Median Values)*

Total Population 1382

Weekly Household Income 1029

Household Size 2.60

Average Age 34

Monthly Loan Repayment 1000

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

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