NORTH HAVEN, 5018 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling NORTH HAVEN, 5018 values up and netting property investors a capital gain of 5.49% for the past year.
Investors saw the median home price rise to $480,000.
Profits due to an upward trend in home prices in the suburb averaged 3.03% per annum over a 3-year period.
NORTH HAVEN now ranks at the 134th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in NORTH HAVEN are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $400 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NORTH HAVEN, homes and units usually stay on listing for an average of 67.3 days.
In 2016, 69 properties were sold in NORTH HAVEN during the past year, making it the 58th most active market in SA based on total real estate transactions.
NORTH HAVEN ranks 99th in SA when it comes to estimated capital gains experienced by property investors over the past three years.
NORTH HAVEN, 5018 has a capital gain of -2.89% for the past year, which is lower than average compared to its 2.44% growth within a five-year period.
With the median home price in NORTH HAVEN sitting at $420,000, and the average rent at $330, property owners could potentially earn a 4.09% increase in gross rental yield.
A survey of average capital gains or median home price increase in suburbs across the country shows that NORTH HAVEN, 5018 obtained a 0.32% growth over a ten-year period. It ranks 1576th on our list of suburbs that property investors should look into.