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Property investors have seen a 6.25% gain in GOODWOOD based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains GOODWOOD, 5034 saw average growth in the long term.
The SA suburb 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 $850,000
Profits averaged 3.7% per annum over a 3-year period, due to an upward trend in home prices in GOODWOOD, 5034.
This means, real estate investors could earn a rental income of $457.5 based on current median home prices for the suburb.
The gross rental yield in GOODWOOD, 5034 is 2.8%.
An average of 3.58 real estate transactions take place per month in GOODWOOD which translates to 43 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0%||16.98%|
|Median 3 years||11.11%||55.33%|
|Median 5 years||18.88%||58.58%|
|10 years average annual||2.88%||3.93%|
|Weekly media advert. rent||$457.5||$332.5|
|Time on Market||39.5 days||87.3 days|
|Gross Rental Yield Percent||2.8%||3.65%|