BROMPTON, 5007 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 $550,000.
Profits due to an upward trend in home prices in the suburb averaged 5.67% per annum over a 3-year period.
BROMPTON now ranks at the 306th 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 BROMPTON are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $440 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BROMPTON, homes and units usually stay on listing for an average of 83.1 days.
In 2016, 44 properties were sold in BROMPTON during the past year, making it the 160th most active market in SA based on total real estate transactions.
BROMPTON ranks 96th in SA when it comes to estimated capital gains experienced by property investors over the past three years.
BROMPTON, 5007 has a capital gain of 17.06% for the past year, which is higher than average compared to its 25.06% growth within a five-year period.
BROMPTON, 5007 ranks 212th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 17.06% for property investors last year.
With the median home price in BROMPTON sitting at $494,000, and the average rent at $395, property owners could potentially earn a 4.16% increase in gross rental yield.
Property investors have seen a 5.39% gain in BROMPTON based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on BROMPTON, 5007 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 17.06%.
A survey of average capital gains or median home price increase in suburbs across the country shows that BROMPTON, 5007 obtained a 4.16% growth over a ten-year period. It ranks 807th on our list of suburbs that property investors should look into.