AREA REPORTS

Largs Bay

Suburb Profile

Largs Bay - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5016

house
unit

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 $517,500.

The upward trend in home prices in LARGS BAY, 5016 averaged 0.41% per annum over a 3-year period.

Average weekly rents on listings have reached the $440 mark, reflecting a 4.42% increase in returns based on the current median price in LARGS BAY.

An average of 4.33 real estate transactions take place per month in LARGS BAY which translates to 52 per annum.

52 properties were sold in LARGS BAY in 2016, making it the 121st most active market in SA based on total real estate transactions.

LARGS BAY, 5016 places 238th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $517,500 $335,000
GROWTH REPORT
Median Quarterly -0.24% N/A
Median 12 month -0.48% 3.88%
Median 3 years 1.22% 26.42%
Median 5 years 0.18% 11.67%
10 years average annual 2.35% 3.41%
Weekly media advert. rent $440 $300
Time on Market 69.9 days 64.6 days
Gross Rental Yield Percent 4.42% 4.66%
demographics (median values)
Total Population
3991
Weekly Household Income
978.5
Household Size
2.40
demographics
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Top 10 Birth Countries
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