Located in Queensland within the Moreton Bay local government area, Woodford is a smaller residential area (postcode 4514). The area has roughly 4,022 residents and an established demographic, with a median age of 38. Households earn a median income of $72K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, labourers, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Woodford has a median house price of $897,000, which has climbed sharply by 12.1% year-on-year. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,647.
Woodford is served by 1 school, including 1 combined. The average ICSEA score is 952, which is around the national average of 1,000. The crime rate in the Moreton Bay LGA is moderate at 4,728 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.5%, which reads as moderate yield. Property prices are near the state median ($897K/$1.1M). The price-to-income ratio of 12.4x is considered stretched. House prices have moved +12.1% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.