Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $986,250.
The upward trend in home prices in ADELAIDE, 5000 averaged 6.44% per annum over a 3-year period.
Average weekly rents on listings have reached the $665 mark, reflecting a 3.51% increase in returns based on the current median price in ADELAIDE.
An average of 7.83 real estate transactions take place per month in ADELAIDE which translates to 94 per annum.
94 properties were sold in ADELAIDE in 2016, making it the 12th most active market in SA based on total real estate transactions.
ADELAIDE, 5000 places 384th in Australia based on median property value growth during the quarter.
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 $539,000.
Average median unit prices in SA have risen as a whole, pulling ADELAIDE, 5000 values up and netting property investors a capital gain of 7.91% for the past year.
Investors saw the median home price rise to $539,000.
The upward trend in home prices in ADELAIDE, 5000 averaged 6.15% per annum over a 3-year period.
ADELAIDE now ranks at the 30th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in ADELAIDE are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $610 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In ADELAIDE, homes and units usually stay on listing for an average of 48.6 days.
721 properties were sold in ADELAIDE in 2016, making it the 8th most active market in SA based on total real estate transactions.