WAYVILLE, 5034 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 $1,750,000.
Profits due to an upward trend in home prices in the suburb averaged 0% per annum over a 3-year period.
WAYVILLE now ranks at the 43rd 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 WAYVILLE are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of N/A 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 N/A.
In 2016, 15 properties were sold in WAYVILLE during the past year, making it the 401st most active market in SA based on total real estate transactions.
WAYVILLE ranks 44th in SA when it comes to estimated capital gains experienced by property investors over the past three years.
WAYVILLE, 5034 has a capital gain of 37.9% for the past year, which is higher than average compared to its 95.19% growth within a five-year period.
WAYVILLE, 5034 ranks 40th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 37.9% for property investors last year.
With the median home price in WAYVILLE sitting at $790,500, and the average rent at $560, property owners could potentially earn a 3.68% increase in gross rental yield.
Property investors have seen a 12.93% gain in WAYVILLE based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on WAYVILLE, 5034 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 37.9%.
A survey of average capital gains or median home price increase in suburbs across the country shows that WAYVILLE, 5034 obtained a 7.72% growth over a ten-year period. It ranks 350th on our list of suburbs that property investors should look into.