WOODBRIDGE, 6056 ranks 530th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 21.38% 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 $965,000.
The upward trend in home prices in WOODBRIDGE, 6056 averaged 15.83% per annum over a 3-year period.
Average weekly rents on listings have reached the $737.5 mark, reflecting a 3.97% increase in returns based on the current median price in WOODBRIDGE.
An average of 3.67 real estate transactions take place per month in WOODBRIDGE which translates to 44 per annum.
44 properties were sold in WOODBRIDGE in 2016, making it the 180th most active market in WA based on total real estate transactions.
WOODBRIDGE, 6056 places 439th 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 $600,000.
Average median unit prices in WA have risen as a whole, pulling WOODBRIDGE, 6056 values up and netting property investors a capital gain of 27.66% for the past year.
Investors saw the median home price rise to $600,000.
The upward trend in home prices in WOODBRIDGE, 6056 averaged 0% per annum over a 3-year period.
WOODBRIDGE now ranks at the th 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 WOODBRIDGE are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $575 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 WOODBRIDGE, homes and units usually stay on listing for an average of 17.6 days.
15 properties were sold in WOODBRIDGE in 2016, making it the 122nd most active market in WA based on total real estate transactions.