Regions Continue To Outpace Cities – But Which Areas Are Topping The Profit Ladder?
Regional markets have continued their winning streak, with property values growing at twice the pace seen across the cap...
Property investors in PARKSIDE enjoyed capital gains of 0.78% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $260,000.
Profits due to an upward trend in home prices there averaged 4.14% per annum over a 3-year period.
Home owners selling their properties and realtors in PARKSIDE usually have to wait an average of 63.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $430 mark, reflecting a 8.6% increase in returns based on the current median price in PARKSIDE.
PARKSIDE, 4825 places 549th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.78%||N/A|
|Median 3 years||12.43%||N/A|
|Median 5 years||-17.98%||N/A|
|10 years average annual||-2.79%||N/A|
|Weekly media advert. rent||$430||N/A|
|Time on Market||63.1 days||N/A|
|Gross Rental Yield Percent||8.6%||N/A|