Woodend Short-Term Rental (Airbnb) Market
Woodend VIC Investment Analysis
HOLD
— 3.4% gross yield on a $930,000 median.
THE MARKET
Woodend has compounded at 5.8%/yr over 5 years — a house that cost $701,544 in 2021 is worth $930,000 today. Properties are sitting on market for 78 days (buyers have negotiating room). At the same growth rate, today's median reaches $1,232,853 by 2031.
- **Median house:** $930,000 | **Units:** $130,912 - **Gross yield:** 3.4% | **Net yield:** 1.9% - **5yr price CAGR:** 5.8%/yr | **3yr forecast:** 6.6%/yr - **Population:** 9,726 | **Owner-occupier rate:** 34% | **Affluence:** Very High
- **Supply pipeline:** Low — Price growth outpacing new supply, limited development pipeline
RENTAL SNAPSHOT
- **Vacancy:** 1.0% (improving) | **Rental demand:** Very High - **Median weekly rent:** $600/wk | **Days on market:** 78 (worsening) - Landlord market — rents likely to keep rising.
SHORT-TERM RENTAL
- **Median nightly rate:** $175/night | **Occupancy:** 66% - **Estimated annual STR gross:** ~$42,158/yr - **vs long-term rent:** $31,200/yr (+35% STR premium — factor in higher management costs)
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record. - **Transport:** Well-connected inner-city location
BULL CASE
If Woodend maintains 3%+ annual growth and vacancy stays below 0.8%, median prices could reach $1,069,500 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Woodend pull back 10-15% from $930,000, with vacancy rising to 1.8% and rental yields softening as tenants gain leverage.
KEY RISKS
- No significant risk factors identified for this suburb
COMPARABLE MARKETS
- **Eynesbury** (VIC): $690,000 median, 0.0% yield, 0.0% 1yr growth - **Ferntree Gully** (VIC): $886,000 median, 0.0% yield, 0.0% 1yr growth - **Ferny Creek** (VIC): $1,037,300 median, 0.0% yield, 0.0% 1yr growth
THE PLAY
Woodend offers balanced fundamentals but does not present an urgent buying signal. The market is in a growth phase with low vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.0%.
- Entry range: $837,000 – $1,023,000 - Minimum gross yield to target: 4.5% - Watch signal: vacancy staying below 2% and days on market falling below 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.