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Novar Gardens
AREA REPORTS

Novar Gardens

Novar Gardens - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5040

house

A steady increase in median property prices over a five-year period in the suburb translates to a 0% capital gain.

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 $640,000.

Profits due to an upward trend in home prices there averaged 0% per annum over a 3-year period.

Home owners selling their properties and realtors in NOVAR GARDENS usually have to wait an average of 69.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $457.5 mark, reflecting a 3.72% increase in returns based on the current median price in NOVAR GARDENS.

NOVAR GARDENS, 5040 places 301st in Australia based on median property value growth during the quarter.

Data report can be found below

Novar Gardens
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $640,000 N/A
GROWTH REPORT
Median Quarterly 0.31% N/A
Median 12 month 0% N/A
Median 3 years 0% N/A
Median 5 years 13.27% N/A
10 years average annual 2.43% N/A
Weekly media advert. rent $457.5 N/A
Time on Market 69.8 days N/A
Gross Rental Yield Percent 3.72% N/A
demographics (median values)
Total Population
2504
Weekly Household Income
1257
Household Size
2.40
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