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Woodend, VIC 3442

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Woodend, VIC 3442 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Woodend, VIC 3442”

  1. The total adult population (15 years or older) of Woodend 3442 VIC is 5,426, with a median age of 45. Of those, 52.06% are married, 13.23% are divorced or separated, 29.52% are single and 5.36% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $10,196. The median monthly mortgage repayment for households in this suburb is $2,000 which is 19.62% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in Victoria’s charming regional maze, Woodend 3442 presents an appealing picture for aspiring homeowners and property investors. This intimate suburb, home to approximately 3317 households is basking in a market glow as the third quarter of 2023 unfolds.

    The typical house price in Woodend for this quarter is framed at an attractive $1,043,150, while the median weekly rent stands at $575. These figures coalesce to produce an indicative yield of 2.87%; a contemplative figure, just shy of our desirable benchmark of 3% for cash-flow centered investors but could be potential given the socio-economic factors. The suburb flaunts an impressive IRSAD score of 1061 out of 1217, suggesting a relatively high socio-economic status that dovetails nicely with the 16% renter to owner ratio, considerably lower than the questionable threshold of 30%.

    The unit to house ratio in Woodend is a low 4%, pointing to a lesser competition among landlords for tenants and potentially longer tenancy periods. This, combined with the affordability index reading of 40 years, suggests the typical time to own a house outright might stretch beyond the standard 30-year mortgage period, raising some affordability queries in this market segment.

    However, with the stock on market Percentage for houses displaying a low, investor-friendly reading at just 0.33%, and an equally encouraging inventory rate of 1.13 months, the property market in Woodend begins to look enticing, particularly noting its advantageous level of supply metrics. Furthermore, the building approvals Ratio is right on track at 0.39%, indicating controlled growth in housing stock.

    In what appears to be a prolific playing field, houses in Woodend rarely linger in the market beyond 24 days, showing heightened investor activity. The combined vacancy rate for houses and units is at a neutral 1.55%, and with a buy search index steady at the state average of 5, investment demand is strong, painting a promising picture for the future.

    Like all property investment outlooks, it’s crucial to remain conscious of fluctuating market conditions and the myriad of underlying data. Though a few metrics appear outside their favourable range, the majority present appealing conditions, and overcoming these constraints ultimately relies on sound real estate intelligence. Statistics such as the RCS (Relative Composite Score) developed by HtAG Analytics further automate this analysis, providing an even more detailed overview. Therefore, potential investors in Woodend are advised to keep a timely eye on these irrefutable market indicators.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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