Property investors could wear cost of changes to mortgage broker regulation
Experts fear that property investors will absorb the cost of changes to how mortgage brokers are paid and regulated, as both sides of govern...
MELROSE PARK, 5039 ranks 790th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 12.32% 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 $587,500.
The upward trend in home prices in MELROSE PARK, 5039 averaged 6.71% per annum over a 3-year period.
Average weekly rents on listings have reached the $380 mark, reflecting a 3.36% increase in returns based on the current median price in MELROSE PARK.
An average of 2.83 real estate transactions take place per month in MELROSE PARK which translates to 34 per annum.
34 properties were sold in MELROSE PARK in 2016, making it the 219th most active market in SA based on total real estate transactions.
MELROSE PARK, 5039 places 121st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $587,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.26% | N/A |
| Median 12 month | 12.32% | N/A |
| Median 3 years | 20.14% | N/A |
| Median 5 years | 35.84% | N/A |
| 10 years average annual | 3.56% | N/A |
| Weekly media advert. rent | $380 | N/A |
| Time on Market | 52.8 days | N/A |
| Gross Rental Yield Percent | 3.36% | N/A |
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