How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $411,500.
The upward trend in home prices in WOODVILLE NORTH, 5012 averaged 5.31% per annum over a 3-year period.
Average weekly rents on listings have reached the $380 mark, reflecting a 4.8% increase in returns based on the current median price in WOODVILLE NORTH.
An average of 2.25 real estate transactions take place per month in WOODVILLE NORTH which translates to 27 per annum.
27 properties were sold in WOODVILLE NORTH in 2016, making it the 253rd most active market in SA based on total real estate transactions.
WOODVILLE NORTH, 5012 places 39th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $411,500 | $282,000 |
| GROWTH REPORT | ||
| Median Quarterly | 7.23% | -3.09% |
| Median 12 month | 8.65% | -11.6% |
| Median 3 years | 15.92% | 4.44% |
| Median 5 years | 20.15% | -11.32% |
| 10 years average annual | 2.52% | 3.39% |
| Weekly media advert. rent | $380 | $300 |
| Time on Market | 57.5 days | 68.7 days |
| Gross Rental Yield Percent | 4.8% | 5.53% |
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