It 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 $363,600
The augmented property values in the suburb are trailing behind the territorial average of 3.28% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $365.
Home owners selling their properties and realtors in PORT ADELAIDE usually have to wait an average of 0.0 days days before their assets are lifted off the market.
The SA suburb ranks 83rd on the list of best yielding suburbs for rental properties in SA, posting a 5.22% return.
It also places places 410th in Australia based on median property value growth during the quarter.
A survey of average capital gains or median home price increase in suburbs across the country shows that PORT ADELAIDE, 5015 obtained a 7.76% growth over a ten-year period. It ranks 191st on our list of suburbs that property investors should look into.
With the median home price in PORT ADELAIDE sitting at $340,000, and the average rent at $325, property owners could potentially earn a 4.97% increase in gross rental yield.
PORT ADELAIDE, 5015 in SA belongs to the local government area of Port Adelaide Enfield.