Property investments in LARGS NORTH did not fare well against the rest of the country last year, registering a median home price decrease of 8%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains LARGS NORTH, 5016 saw average growth in the long term.
Real estate investors could earn a rental income of $375 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 47.9 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 $466,000.
LARGS NORTH ranks 225th on the list of best yielding suburbs for rental properties in SA, posting a 4.18% return.
Profits due to an upward trend in home prices in LARGS NORTH, 5016 averaged 2.51% per annum over a 3-year period.
Average weekly rents on listings have reached the $277.5 mark, reflecting a 4.81% increase in returns based on the current median price in LARGS NORTH.
An average of 1.42 real estate transactions take place per month in LARGS NORTH which translates to 17 per annum.
17 properties were sold in LARGS NORTH during the past year, making it the 131st most active market in SA based on total real estate transactions.
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