5 key changes sought to drive WA property market
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WOODFORD, 4514 ranks 502nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.67% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb 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 $455,000.
The upward trend in home prices in WOODFORD, 4514 averaged 6.32% per annum over a 3-year period.
Average weekly rents on listings have reached the $340 mark, reflecting a 3.89% increase in returns based on the current median price in WOODFORD.
An average of 4.33 real estate transactions take place per month in WOODFORD which translates to 52 per annum.
52 properties were sold in WOODFORD in 2016, making it the 249th most active market in QLD based on total real estate transactions.
WOODFORD, 4514 places 280th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $455,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.29% | N/A |
| Median 12 month | 16.67% | N/A |
| Median 3 years | 18.95% | N/A |
| Median 5 years | 21.33% | N/A |
| 10 years average annual | 3.9% | N/A |
| Weekly media advert. rent | $340 | N/A |
| Time on Market | 100.6 days | N/A |
| Gross Rental Yield Percent | 3.89% | N/A |
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