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Grange
AREA REPORTS

Grange

Grange - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5022

house
unit

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.

Data report can be found below

Grange
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $950,000 $355,000
GROWTH REPORT
Median Quarterly 11.76% 0.71%
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%
demographics (median values)*
Total Population
15743
Weekly Household Income
1488
Household Size
2.30
Age
44
Monthly Loan Repayment
1868
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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