Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 2.34% growth over a ten-year period. It ranks 2766th on our list of suburbs that property investors should look into.
LOCKLEYS, 5032 has a capital gain of -2.82% for the past year, which is lower than average compared to its 31% growth within a five-year period.
With the median home price in LOCKLEYS sitting at $655,000, and the average rent at $420, property owners could potentially earn a 3.33% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in LOCKLEYS are low, as opposed to average gains per annum over the past five years.
LOCKLEYS, 5032 in SA belongs to the local government area of West Torrens.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $655,000 | $395,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.24% | -0.38% |
| Median 12 month | -2.82% | 17.91% |
| Median 3 years | 6.9% | 53.1% |
| Median 5 years | 31% | 31.67% |
| 10 years average annual | 2.34% | 3.67% |
| Weekly media advert. rent | $420 | $305 |
| Time on Market | 60.0 days | 68.3 days |
| Gross Rental Yield Percent | 3.33% | 4.02% |
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