Property investors enjoyed capital gains of 4.55% over the last 12 months in OTTOWAY, 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 4.38% growth over a ten-year period. It ranks 1896th on our list of suburbs that property investors should look into.
OTTOWAY, 5013 has a capital gain of 4.55% for the past year, which is higher than average compared to its 17.95% growth within a five-year period.
With the median home price in OTTOWAY sitting at $345,000, and the average rent at $345, property owners could potentially earn a 5.2% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in OTTOWAY are low, as opposed to average gains per annum over the past five years.
OTTOWAY, 5013 in SA belongs to the local government area of Port Adelaide Enfield.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.55%||N/A|
|Median 3 years||11.65%||N/A|
|Median 5 years||17.95%||N/A|
|10 years average annual||4.38%||N/A|
|Weekly media advert. rent||$345||N/A|
|Time on Market||95.7 days||N/A|
|Gross Rental Yield Percent||5.2%||N/A|