GLANDORE, 5037 ranks 1646th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 7.4% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $660,500.
The upward trend in home prices in GLANDORE, 5037 averaged 7.06% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 3.15% increase in returns based on the current median price in GLANDORE.
An average of 3.25 real estate transactions take place per month in GLANDORE which translates to 39 per annum.
39 properties were sold in GLANDORE in 2016, making it the 187th most active market in SA based on total real estate transactions.
GLANDORE, 5037 places 104th in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $416,000.
Average median unit prices in SA have risen as a whole, pulling GLANDORE, 5037 values up and netting property investors a capital gain of 24.18% for the past year.
Investors saw the median home price rise to $416,000.
The upward trend in home prices in GLANDORE, 5037 averaged 8.5% per annum over a 3-year period.
GLANDORE now ranks at the 6th 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 GLANDORE are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $300 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In GLANDORE, homes and units usually stay on listing for an average of 41.5 days.
18 properties were sold in GLANDORE in 2016, making it the 121st most active market in SA based on total real estate transactions.
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