Suburb Profile
Pennington - FREE SUBURB PROFILE REPORT POSTAL CODE: SA,5013
PENNINGTON, 5013 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling PENNINGTON, 5013 values up and netting property investors a capital gain of 7.12% for the past year.
Investors saw the median home price rise to $413,500.
Profits due to an upward trend in home prices in the suburb averaged 3.97% per annum over a 3-year period.
PENNINGTON now ranks at the 108th 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 PENNINGTON 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 $350 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 PENNINGTON, homes and units usually stay on listing for an average of 77.5 days.
In 2016, 41 properties were sold in PENNINGTON during the past year, making it the 187th most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $413,500 | $343,750 |
| GROWTH REPORT | ||
| Median Quarterly | 3.38% | 11.97% |
| Median 12 month | 7.12% | N/A |
| Median 3 years | 11.91% | 37.23% |
| Median 5 years | 23.43% | 39.74% |
| 10 years average annual | 3.73% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 77.5 days | 128.1 days |
| Gross Rental Yield Percent | 4.4% | N/A |
Capital Gains Tax (CGT) Calculator
Latest Hotspots
mortgage calculators
Latest Comments
When an industry person not from WA...
Excellent and very sound advice which...
this is stupid..... why should people...