Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,465,444.
The upward trend in home prices in WOODFORDE, 5072 averaged 0% per annum over a 3-year period.
Average weekly rents on listings have reached the $680 mark, reflecting a 2.41% increase in returns based on the current median price in WOODFORDE.
An average of 0.83 real estate transactions take place per month in WOODFORDE which translates to 10 per annum.
10 properties were sold in WOODFORDE in 2016, making it the 495th most active market in SA based on total real estate transactions.
WOODFORDE, 5072 places 2nd 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 $626,500.
Average median unit prices in SA have risen as a whole, pulling WOODFORDE, 5072 values up and netting property investors a capital gain of 1.05% for the past year.
Investors saw the median home price rise to $626,500.
The upward trend in home prices in WOODFORDE, 5072 averaged 12.57% per annum over a 3-year period.
WOODFORDE now ranks at the 67th 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 WOODFORDE are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $670 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 WOODFORDE, homes and units usually stay on listing for an average of 41.7 days.
14 properties were sold in WOODFORDE in 2016, making it the 116th most active market in SA based on total real estate transactions.