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Woodroffe suburb profile

Woodroffe is a suburban area located in the city of Palmerston, Northern Territory, approximately 25km southeast of Darwin's CBD. Known for its family-friendly atmosphere, Woodroffe offers a mix of residential properties, including modern homes and established dwellings. The suburb is well-serviced by local amenities, including schools, parks, and shopping centers, making it a convenient choice for families. Its proximity to the Palmerston city center provides residents with easy access to a range of services and recreational facilities. Woodroffe's community-oriented environment and suburban charm make it an appealing option for those seeking a relaxed lifestyle within reach of urban conveniences.

Woodroffe property market performance

Woodroffe’s housing market has experienced significant growth, with the median house price climbing 28.4% over the past 12 months to $627,500. However, the suburb has limited unit activity, reflected in no change in unit values and few sales. In the past three months, 20 houses sold, taking a median of 54 days to sell, while units saw minimal movement.

Rental demand for houses in Woodroffe has been strong, with the average rent increasing by 8.8% over the last year to $620. The unit rental market is inactive, with no notable change in rental prices.

HousesUnits
Median price
Past 3 months
$620KN/A
Change in value
Past 12 months
31.9%N/A
Sold
Past 3 months
292
Median days on market
Past 12 months
53N/A
Average rent
Past 12 months
$640N/A
Change in rent
Past 12 months
12.3%N/A

5 year median price trend for houses and units

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Woodroffe demographics

Woodroffe, located in the Northern Territory, is a suburb that offers a family-friendly environment with a strong sense of community. With a population of 3,175 and a median age of 33, it is a youthful suburb that attracts young families and professionals. The median total household income weekly is $1,891, indicating a comfortable standard of living for its residents.

The suburb is characterized by a significant proportion of couple families with children, making up 44.3% of the population. This is complemented by 30.5% of couple families without children and 23.8% of one-parent families, reflecting a diverse family structure within the community. The presence of other family types is minimal, at just 1.5%, highlighting the predominance of traditional family units.

In terms of property ownership, Woodroffe presents a balanced mix. A notable 44.5% of properties are owned with a mortgage, while 13% are owned outright. The rental market is also significant, with 42.5% of properties being rented, offering flexibility for those not ready to commit to home ownership. This mix of ownership and rental options makes Woodroffe an attractive suburb for both long-term residents and newcomers seeking a stable yet adaptable living environment.

Suburbs near Woodroffe

Some popular suburbs near Woodroffe include:

  • Moulden: Known for its community-oriented atmosphere and local amenities, Moulden is located directly north of Woodroffe.
  • Rosebery: Featuring modern residential developments and family-friendly parks, Rosebery is situated to the east of Woodroffe.
  • Bakewell: Known for its schools and recreational facilities, Bakewell lies to the northeast of Woodroffe.
  • Marlow Lagoon: Offering spacious properties and a tranquil environment, Marlow Lagoon is located to the west of Woodroffe.
  • Bellamack: Known for its contemporary housing and growing community, Bellamack is situated to the southeast of Woodroffe.

How does Woodroffe compare to nearby suburbs?

  • Median house prices: Woodroffe’s median house price is 2.9% higher than Moulden’s.
  • House price growth: Over the past 12 months, house prices in Woodroffe have grown 7.4% higher than in Moulden.
  • Selling speed for houses: Properties in Woodroffe are selling 14.5% faster than in Bakewell.
  • House price growth: Over the past 12 months, house prices in Woodroffe have grown 7.6% lower than the average rate of growth across Darwin.
  • Unit price growth:Over the past 12 months, unit prices in Woodroffe have grown 25.1% lower than the average rate of growth for units across Darwin.

Choose the right real estate agents in Woodroffe

Choosing the right real estate agent in Woodroffe can have a big impact on your sale. While there are 48 real estate agents working in the suburb, but just 5 of them were responsible for 26.2% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.25% to 3.25%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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