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1 MIN READTop 10 Suburbs For Unit Price Growth In Perth
In July 2021, a CoreLogic study showed a record high gap between median house and unit prices in the Australian property...
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WoodfordWoodford - SUBURB PROFILE REPORT
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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 $510,000.
The upward trend in home prices in WOODFORD, 4514 averaged 15.24% per annum over a 3-year period.
Average weekly rents on listings have reached the $350 mark, reflecting a 3.57% increase in returns based on the current median price in WOODFORD.
An average of 4.75 real estate transactions take place per month in WOODFORD which translates to 57 per annum.
57 properties were sold in WOODFORD in 2016, making it the 192nd most active market in QLD based on total real estate transactions.
WOODFORD, 4514 places 82nd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $510,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 10.87% | N/A |
| Median 12 month | 15.78% | N/A |
| Median 3 years | 45.71% | N/A |
| Median 5 years | 41.67% | N/A |
| 10 years average annual | 5.07% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 56.7 days | N/A |
| Gross Rental Yield Percent | 3.57% | N/A |
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