Property investors have seen a 5.54% 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 $390,500
Profits averaged 3.33% 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 $395 based on current median home prices for the suburb.
The gross rental yield in PETERHEAD, 5016 is 5.26%.
An average of 2.58 real estate transactions take place per month in PETERHEAD which translates to 31 per annum.
This means, real estate investors could earn a rental income of $297.5 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In PETERHEAD, homes and units usually stay on listing for an average of 32.5 days.
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 $292,500
Investors saw the median home price rise to $292,500.
PETERHEAD ranks 49th on the list of best yielding suburbs for rental properties in SA, posting a 5.29% return.
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