Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
A steady increase in median property prices over a five-year period in the suburb translates to a 31.01% capital gain.
It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $950,000
The augmented property values in the suburb are trailing above the territorial average of 15.68% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $585.
Home owners selling their properties and realtors in GRANGE usually have to wait an average of 72.2 days days before their assets are lifted off the market.
The SA suburb ranks 272nd on the list of best yielding suburbs for rental properties in SA, posting a 3.2% return.
It also places places 71st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||18.53%||-17.25%|
|Median 3 years||31.01%||-2.74%|
|Median 5 years||37.38%||-18.08%|
|10 years average annual||5.24%||1.03%|
|Weekly media advert. rent||$585||$360|
|Time on Market||72.2 days||48.1 days|
|Gross Rental Yield Percent||3.2%||5.27%|