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Largs Bay
AREA REPORTS

Largs Bay

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

house
unit

LARGS BAY, 5016 ranks 3551st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 12% 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 $700,000.

The upward trend in home prices in LARGS BAY, 5016 averaged 10.53% per annum over a 3-year period.

Average weekly rents on listings have reached the $480 mark, reflecting a 3.57% increase in returns based on the current median price in LARGS BAY.

An average of 5.67 real estate transactions take place per month in LARGS BAY which translates to 68 per annum.

68 properties were sold in LARGS BAY in 2016, making it the 62nd most active market in SA based on total real estate transactions.

LARGS BAY, 5016 places 348th 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 $700,000 $375,000
GROWTH REPORT
Median Quarterly 3.4% -3.23%
Median 12 month 12% N/A
Median 3 years 31.58% 9.49%
Median 5 years 38.61% 34.65%
10 years average annual 3.61% 2.05%
Weekly media advert. rent $480 $300
Time on Market 47.8 days 0.0 days
Gross Rental Yield Percent 3.57% 4.16%
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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