Property investors have seen a 6.35% gain in PETERHEAD based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PETERHEAD, 5016 saw average growth in the long term.
The SA 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 $795,000
Profits averaged 10% per annum over a 3-year period, due to an upward trend in home prices in PETERHEAD, 5016.
This means, real estate investors could earn a rental income of $595 based on current median home prices for the suburb.
The gross rental yield in PETERHEAD, 5016 is 3.89%.
An average of 1.17 real estate transactions take place per month in PETERHEAD which translates to 14 per annum.