WOODVILLE NORTH, 5012 ranks 1309th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 15.72% 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 $920,000.
The upward trend in home prices in WOODVILLE NORTH, 5012 averaged 14.43% per annum over a 3-year period.
Average weekly rents on listings have reached the $625 mark, reflecting a 3.53% increase in returns based on the current median price in WOODVILLE NORTH.
An average of 1.67 real estate transactions take place per month in WOODVILLE NORTH which translates to 20 per annum.
20 properties were sold in WOODVILLE NORTH in 2016, making it the 305th most active market in SA based on total real estate transactions.
WOODVILLE NORTH, 5012 places 74th in Australia based on median property value growth during the quarter.
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 $634,000.
Average median unit prices in SA have risen as a whole, pulling WOODVILLE NORTH, 5012 values up and netting property investors a capital gain of 22.33% for the past year.
Investors saw the median home price rise to $634,000.
The upward trend in home prices in WOODVILLE NORTH, 5012 averaged 20.17% per annum over a 3-year period.
WOODVILLE NORTH now ranks at the 112th 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 NORTH are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $537.5 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In WOODVILLE NORTH, homes and units usually stay on listing for an average of 33.3 days.
16 properties were sold in WOODVILLE NORTH in 2016, making it the 91st most active market in SA based on total real estate transactions.