Property investors enjoyed capital gains of 14.44% over the last 12 months in RENOWN PARK, 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 6.26% growth over a ten-year period. It ranks 1110th on our list of suburbs that property investors should look into.
RENOWN PARK, 5008 has a capital gain of 14.44% for the past year, which is higher than average compared to its 35.53% growth within a five-year period.
With the median home price in RENOWN PARK sitting at $515,000, and the average rent at $350, property owners could potentially earn a 3.53% increase in gross rental yield.
A 14.44% increase in median property prices in RENOWN PARK, 5008 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 RENOWN PARK are low, as opposed to average gains per annum over the past five years.
RENOWN PARK, 5008 in SA belongs to the local government area of Charles Sturt.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||14.44%||N/A|
|Median 3 years||25.61%||N/A|
|Median 5 years||35.53%||N/A|
|10 years average annual||6.26%||N/A|
|Weekly media advert. rent||$350||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||3.53%||N/A|