PROPERTY SHOWCASE: Investor struggles and how to overcome them
Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocha...
Property investors enjoyed capital gains of 4.33% over the last 12 months in SOMERTON PARK, translating to lower returns compared with its peers in SA.
Figures from the previous quarter show that capital gains for real estate buyers in SOMERTON PARK are low, as opposed to average gains per annum over the past five years.
The suburb posted a 29.87% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $467.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $467.5 mark, reflecting a 2.43% increase in returns based on the current median price in SOMERTON PARK.
SOMERTON PARK, 5044 ranks 194th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 333rd on the list of best yielding suburbs for rental properties in SA, posting a 2.43% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,000,000 | $399,500 |
| GROWTH REPORT | ||
| Median Quarterly | 5.26% | -8.16% |
| Median 12 month | 4.33% | 5.83% |
| Median 3 years | 29.87% | -2.56% |
| Median 5 years | 41.84% | 16.56% |
| 10 years average annual | 3.62% | 2.52% |
| Weekly media advert. rent | $467.5 | $325 |
| Time on Market | 70.1 days | 62.8 days |
| Gross Rental Yield Percent | 2.43% | 4.23% |
Tune in to the latest episode of Property Showcase, the podcast with the inside track on the products and businesses that will help turbocha...
As someone who has invested extensively in both residential and commercial property, I have seen both sides of the fence when it comes to in...
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
In this special Q&A, Smart Property Investment speaks to the director of Rethink Investing, Scott O’Neill. ...
Perth is experiencing an “extraordinary” decline in listing volumes, with sales listings hitting a 10-year low in February. ...
This article will highlight what has been happening in the Brisbane Property Market during February 2021. ...
Get notifications in real-time for staying up to date with content that matters to you.
