‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Property investments in COLONEL LIGHT GARDENS did not fare well against the rest of the country last year, registering a median home price decrease of -1.83%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains COLONEL LIGHT GARDENS, 5041 saw average growth in the long term.
Real estate investors could earn a rental income of $510 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 57.5 days.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $737,750.
COLONEL LIGHT GARDENS ranks 296th on the list of best yielding suburbs for rental properties in SA, posting a 3.59% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $737,750 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.32% | N/A |
| Median 12 month | -1.83% | N/A |
| Median 3 years | 11.78% | N/A |
| Median 5 years | 28.86% | N/A |
| 10 years average annual | 3.81% | N/A |
| Weekly media advert. rent | $510 | N/A |
| Time on Market | 57.5 days | N/A |
| Gross Rental Yield Percent | 3.59% | N/A |
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