Property investments in GLANVILLE fare well against the rest of the country last year, registering a median home price increase of 7.38%.
Real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 86.9 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $400,000.
GLANVILLE ranks 157th on the list of best yielding suburbs for rental properties in SA, posting a 4.55% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $400,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 7.38% | N/A |
| Median 3 years | 12.68% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 5.68% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 86.9 days | N/A |
| Gross Rental Yield Percent | 4.55% | N/A |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...