Property market update: Melbourne, April 2020
Several weeks after lockdown measures have been passed due to the ongoing COVD-19 pandemic, how is the Melbourne property market faring in t...
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Property investors enjoyed capital gains of 14.12% over the last 12 months in NORTH ADELAIDE, translating to lower returns compared with its peers in SA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 6.41% growth over a ten-year period. It ranks 913th on our list of suburbs that property investors should look into.
NORTH ADELAIDE, 5006 has a capital gain of 14.12% for the past year, which is higher than average compared to its 37.27% growth within a five-year period.
With the median home price in NORTH ADELAIDE sitting at $1,201,100, and the average rent at $520, property owners could potentially earn a 2.25% increase in gross rental yield.
A 14.12% increase in median property prices in NORTH ADELAIDE, 5006 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 46th.
Figures from the previous quarter show that capital gains for real estate buyers in NORTH ADELAIDE are low, as opposed to average gains per annum over the past five years.
NORTH ADELAIDE, 5006 in SA belongs to the local government area of Adelaide (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,201,100 | $458,500 |
| GROWTH REPORT | ||
| Median Quarterly | 3.77% | 7.88% |
| Median 12 month | 14.12% | 4.82% |
| Median 3 years | 37.9% | 14.63% |
| Median 5 years | 37.27% | 11.83% |
| 10 years average annual | 6.41% | 2.85% |
| Weekly media advert. rent | $520 | $390 |
| Time on Market | 72.4 days | 69.2 days |
| Gross Rental Yield Percent | 2.25% | 4.42% |
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