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Largs Bay
AREA REPORTS

Largs Bay

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

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LARGS BAY, 5016 ranks 541st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 17.43% for property investors.

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 $640,000.

The upward trend in home prices in LARGS BAY, 5016 averaged 7.11% per annum over a 3-year period.

Average weekly rents on listings have reached the $430 mark, reflecting a 3.49% increase in returns based on the current median price in LARGS BAY.

An average of 4.5 real estate transactions take place per month in LARGS BAY which translates to 54 per annum.

54 properties were sold in LARGS BAY in 2016, making it the 113th most active market in SA based on total real estate transactions.

LARGS BAY, 5016 places 26th in Australia based on median property value growth during the quarter.

Data report can be found below

Largs Bay
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $640,000 N/A
GROWTH REPORT
Median Quarterly 13.37% N/A
Median 12 month 17.43% N/A
Median 3 years 21.33% N/A
Median 5 years 24.27% N/A
10 years average annual 3.13% N/A
Weekly media advert. rent $430 N/A
Time on Market 60.9 days N/A
Gross Rental Yield Percent 3.49% N/A
demographics (median values)*
Total Population
8851
Weekly Household Income
1306
Household Size
2.30
Age
43
Monthly Loan Repayment
1668
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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