ADELAIDE, 5000 ranks 1171st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 10.37% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $825,000.
The upward trend in home prices in ADELAIDE, 5000 averaged 2.85% per annum over a 3-year period.
Average weekly rents on listings have reached the $460 mark, reflecting a 2.9% increase in returns based on the current median price in ADELAIDE.
An average of 2.33 real estate transactions take place per month in ADELAIDE which translates to 28 per annum.
28 properties were sold in ADELAIDE in 2016, making it the 259th most active market in SA based on total real estate transactions.
ADELAIDE, 5000 places 17th 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 $487,000.
Average median unit prices in SA have risen as a whole, pulling ADELAIDE, 5000 values up and netting property investors a capital gain of 12.87% for the past year.
Investors saw the median home price rise to $487,000.
The upward trend in home prices in ADELAIDE, 5000 averaged 4.42% per annum over a 3-year period.
ADELAIDE now ranks at the 101st 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 low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $450 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 93.9 days.
870 properties were sold in ADELAIDE in 2016, making it the 5th most active market in SA based on total real estate transactions.
great article Cate Bakos!
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