‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Property investors enjoyed capital gains of 3.41% over the last 12 months in RIDLEYTON, translating to lower returns compared with its peers in SA.
The suburb posted a 15.85% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $415 based on current median home prices for the suburb.
On average, rents on listings have reached the $415 mark, reflecting a 4.07% increase in returns based on the current median price in RIDLEYTON.
RIDLEYTON, 5008 ranks 212th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 233rd on the list of best yielding suburbs for rental properties in SA, posting a 4.07% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $530,000 | $410,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 3.41% | N/A |
| Median 3 years | 15.85% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 4.88% | N/A |
| Weekly media advert. rent | $415 | N/A |
| Time on Market | 0.0 days | 0.0 days |
| Gross Rental Yield Percent | 4.07% | N/A |
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