Woden Town Centre is the main commercial center of the district of Woden Valley in Canberra. The city is part of a master planned community expected to grow in the coming years, providing affordable housing options for new buyers.
Top 5 Reasons Why This Is a Great Investment
Canberra Light Rail Stage 1 was completed in 2019. Stage 2A and Stage 2B is approved to Woden
Woden is home to Australia's major health and education facilities
The ACT Government is investing $3 billion in physical and digital infrastructure in the ACT over the next four years
$500M upgrade to Canberra Hospital, which is the major hospital for all of Canberra
Walking distance to Westfield (main shopping precinct for South Canberra), bus interchange, and future light rail
Our key measures explained by Dr Andrew Wilson -
Chief Economist at Wealthi.
Annual growth is a measure of the price growth in median prices for the asset type we are recommending. For example, if we're recommending a house investment, we will use median house price growth adjusted for any anomolies in the data.
Yield represents the total median rental income divided by the median asset price over the period. Our preference is to work with data across a large sample, to reduce any issues with one-off transactions which could skew the data.
Population growth is a great long term source for measuring long term demand. This isn't an instant measure, there are often lags with government population growth measurements. So we're really looking at the long term here and trying to find areas where population growth is greater then recent price growth.
We look for apartments in areas where the price gap with houses is large. This is a long term strategy where we believe, apartments will rise in value and close the gap relative to houses. Areas where the house price to apartment ratio exceeds 150% are generally attractive for apartment investors.