WOODVILLE, 5011 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling WOODVILLE, 5011 values up and netting property investors a capital gain of 30% for the past year.
Investors saw the median home price rise to $715,000.
Profits due to an upward trend in home prices in the suburb averaged 10.95% per annum over a 3-year period.
WOODVILLE now ranks at the 108th 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 WOODVILLE 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 $352.5 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 WOODVILLE, homes and units usually stay on listing for an average of 63.4 days.
In 2016, 24 properties were sold in WOODVILLE during the past year, making it the 30th most active market in SA based on total real estate transactions.
WOODVILLE ranks 74th in SA when it comes to estimated capital gains experienced by property investors over the past three years.
WOODVILLE, 5011 has a capital gain of 16.9% for the past year, which is higher than average compared to its 38.37% growth within a five-year period.
WOODVILLE, 5011 ranks 217th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.9% for property investors last year.
With the median home price in WOODVILLE sitting at $339,000, and the average rent at $305, property owners could potentially earn a 4.68% increase in gross rental yield.
Property investors have seen a 0.3% gain in WOODVILLE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on WOODVILLE, 5011 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 16.9%.
A survey of average capital gains or median home price increase in suburbs across the country shows that WOODVILLE, 5011 obtained a 5.63% growth over a ten-year period. It ranks 6th on our list of suburbs that property investors should look into.