Question 1

Is Woodford a nice place to live?

Accepted Answer

Woodford is a small Blue Mountains village set in a bushland valley along the Great Western Highway. Its compact village strip has shops and community facilities, and streets lined with mature eucalypts, weatherboard cottages, modest brick homes and some larger bush block properties. Residents are mainly commuters, families and people seeking a quieter mountain lifestyle, and they make use of nearby walking tracks, lookouts and the Blue Mountains rail line to reach larger centres.

The community numbers 1,953 and is strongly family-oriented, with owner-occupation at 89.8% and rentals at 10.2%. Planned upgrades to Woodford station and the pedestrian-over-rail bridge, new pedestrian and cycle pathway designs and a draft plan for Woodford Memorial Park point to improved access and local amenity. That combination describes a settled, village-style place that may suit people who want mountain living with rail links and better walking and cycling connections.

Question 2

Is it expensive to live in Woodford?

Accepted Answer

Renting a house in Woodford would take a sizeable share of a typical local household's income as recorded at the last Census. At $700 a week against a median household income of $1,913 a week, that rent is about 36.6% of weekly household income, a little over a third. If you're renting, this is the figure that matters when weighing housing costs for a household here.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Woodford a good place to invest?

Accepted Answer

House values in Woodford climbed 17.3% over the past 12 months, a strong rise in what a house is worth. House rents increased 12.0% over the same period, which is also a strong gain, so over the year capital growth on houses outpaced growth in the rent those houses earn.

If you are weighing Woodford up as an investment, those two figures are the ones that matter most for houses: one shows how the price moved and the other how rental income has changed. Whether that balance fits your objectives and circumstances is for you to decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	17.3%	N/A
Sold Past 3 months	7	N/A
Median days on market Past 12 months	32	N/A
Average rent Past 12 months	$700	N/A
Change in rent Past 12 months	12.0%	N/A

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