In Woodford there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Woodford are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The slightly lower than average earnings from occupations in Woodford changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Woodford necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Woodford we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Woodford a better buying opportunity than it may have been in the past.
|265 BRIDGE RD, WOODFORD, VIC, 3281||4||2||5||Under Offer|
|186 BRIDGE RD, WOODFORD, VIC, 3281||4||2||2||$620,000 - $680,000|
Woodford Primary School
Woodford State School(While the above schools are located with the suburb of Woodford there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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