Recently we've been talking to quite a few customers who are thinking long-term, and wanting to make sure their kids are going to be able to go to the right high school. In our local area, Woodvale Senior High School seems to be getting a lot of attention, so we're noting an uptick of purchasing in Woodvale and the surrounding areas within the high-school zone.
Looking at the current CoreLogic (formerly RPData) stats for Woodvale, we can see that as of the 2011 census, about 89% of homes were owner-occupied, and the predominant age group was 45-54 years. Currently the median sales price of homes in the area is $670,000. From 2011 to 2014, approximately 150-170 homes in the area sold each year. In 2015, however, this figure was only 117. It's entirely possible there are now some homes in Woodvale that have been on the market for a while, which could put buyers in a better negotiating position.
To make an appointment to discuss purchasing property in this area, call Tim and the Team on 9309 4780!
This suburb profile has been created using information from one of the really useful reports produced by CoreLogic RP Data. To read more on how these different reports could be of benefit to you, and how Mortgage Choice in Kingsley can supply you with one free of charge, then check out this blog post or give us a call on 9309 4780.