ADELAIDE, 5000 ranks 1059th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 12.53% 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 $799,500.
The upward trend in home prices in ADELAIDE, 5000 averaged 7.15% per annum over a 3-year period.
Average weekly rents on listings have reached the $460 mark, reflecting a 2.99% increase in returns based on the current median price in ADELAIDE.
An average of 2.92 real estate transactions take place per month in ADELAIDE which translates to 35 per annum.
35 properties were sold in ADELAIDE in 2016, making it the 216th most active market in SA based on total real estate transactions.
ADELAIDE, 5000 places 124th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.53%||17.36%|
|Median 3 years||21.46%||11.89%|
|Median 5 years||39.04%||10.34%|
|10 years average annual||9.04%||4%|
|Weekly media advert. rent||$460||$430|
|Time on Market||60.2 days||84.4 days|
|Gross Rental Yield Percent||2.99%||4.66%|