House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
WAYVILLE, 5034 delivered a stronger 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 WAYVILLE, 5034 values up and netting property investors a capital gain of 47.13% for the past year.
Investors saw the median home price rise to $1,217,500.
Profits due to an upward trend in home prices in the suburb averaged 13.26% per annum over a 3-year period.
Because of this real estate investors could earn a rental income of $695 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 WAYVILLE, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 11 properties were sold in WAYVILLE during the past year, making it the 462nd most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,217,500 | $454,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | 47.13% | 12.1% |
| Median 3 years | 39.78% | 5.58% |
| Median 5 years | 58.12% | 27.89% |
| 10 years average annual | 6.16% | 4.75% |
| Weekly media advert. rent | $695 | $320 |
| Time on Market | 0.0 days | 49.8 days |
| Gross Rental Yield Percent | 2.97% | 3.67% |
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