Property investors have seen a -6.65% drop in PETERHEAD based on a decrease 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 $747,500
Profits averaged 7.33% 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 $610 based on current median home prices for the suburb.
The gross rental yield in PETERHEAD, 5016 is 4.24%.
An average of 1.17 real estate transactions take place per month in PETERHEAD which translates to 14 per annum.