Woodville West

POSTAL CODE: SA, 5011

HOUSE

UNIT

Property investors enjoyed capital gains of 16.06% over the last 12 months in WOODVILLE WEST, translating to lower returns compared with its peers in SA.

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

The suburb posted a 39.24% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $640 based on current median home prices for the suburb.

On average, rents on listings have reached the $640 mark, reflecting a 3.36% increase in returns based on the current median price in WOODVILLE WEST.

WOODVILLE WEST, 5011 ranks 126th in SA in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 226th on the list of best yielding suburbs for rental properties in SA, posting a 3.36% return.

Property investors have seen a -0.79% drop in WOODVILLE WEST based on a decrease in median home prices for the past three months.

Homeowners and real estate investors betting on WOODVILLE WEST, 5011 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 27.97%.

Based on its average 5-year and quarterly capital gains WOODVILLE WEST, 5011 saw average growth in the long term.

WOODVILLE WEST, 5011 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 $625,000.

Profits due to an upward trend in home prices in WOODVILLE WEST, 5011 averaged 18.11% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $570 based on current median home prices for the suburb.

The gross rental yield in WOODVILLE WEST, 5011 is 4.74%.

An average of 4.08 real estate transactions take place per month in WOODVILLE WEST which translates to 49 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$990,000	$625,000
Growth Report
Median Quarterly	7.32%	-0.79%
Median 12 month	16.06%	27.97%
Median 3 years	39.24%	54.32%
Median 5 years	90.57%	71.23%
10 years average annual	8.4%	6.87%
Weekly media advert. rent	$640	$570
Time on Market	37.5 days	32.8 days
Gross Rental Yield Percent	3.36%	4.74%

Demographics (Median Values)*

Total Population 11712

Weekly Household Income 1326

Household Size 2.40

Average Age 36

Monthly Loan Repayment 1733

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

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