FLINDERS PARK, 5025 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 FLINDERS PARK, 5025 values up and netting property investors a capital gain of 2.18% for the past year.
Investors saw the median home price rise to $585,000.
Profits due to an upward trend in home prices in the suburb averaged 4.46% per annum over a 3-year period.
FLINDERS PARK now ranks at the 282nd 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 FLINDERS PARK 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 $390 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 FLINDERS PARK, homes and units usually stay on listing for an average of 68.6 days.
In 2016, 104 properties were sold in FLINDERS PARK during the past year, making it the 472nd most active market in SA based on total real estate transactions.
FLINDERS PARK ranks 148th in SA when it comes to estimated capital gains experienced by property investors over the past three years.
FLINDERS PARK, 5025 has a capital gain of -12.09% for the past year, which is lower than average compared to its -12.47% growth within a five-year period.
With the median home price in FLINDERS PARK sitting at $400,000, and the average rent at $330, property owners could potentially earn a 4.29% increase in gross rental yield.
Property investors have seen a -6.43% drop in FLINDERS PARK based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that FLINDERS PARK, 5025 obtained a 5.65% growth over a ten-year period. It ranks 583rd on our list of suburbs that property investors should look into.