Migration cut plans set to impact property market
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Property investors have seen a 0% gain in SEATON based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SEATON, 5023 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 $510,000
Profits averaged 5.97% per annum over a 3-year period, due to an upward trend in home prices in SEATON, 5023.
This means, real estate investors could earn a rental income of $385 based on current median home prices for the suburb.
The gross rental yield in SEATON, 5023 is 3.93%.
An average of 11.83 real estate transactions take place per month in SEATON which translates to 142 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $510,000 | $369,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | 0.41% |
| Median 12 month | 5.15% | 11.82% |
| Median 3 years | 17.92% | 15.31% |
| Median 5 years | 21.43% | 25.08% |
| 10 years average annual | 2.94% | 3.47% |
| Weekly media advert. rent | $385 | $315 |
| Time on Market | 49.4 days | 62.3 days |
| Gross Rental Yield Percent | 3.93% | 4.44% |
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