Property investors enjoyed capital gains of 4.64% 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 20.61% 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 $470 based on current median home prices for the suburb.
On average, rents on listings have reached the $470 mark, reflecting a 3.09% increase in returns based on the current median price in SOMERTON PARK.
SOMERTON PARK, 5044 ranks 200th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 339th on the list of best yielding suburbs for rental properties in SA, posting a 3.09% return.
Property investors have seen a -5.49% drop in SOMERTON PARK based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains SOMERTON PARK, 5044 saw average growth in the long term.
SOMERTON PARK, 5044 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 $430,000.
Profits due to an upward trend in home prices in SOMERTON PARK, 5044 averaged 4.84% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $320 based on current median home prices for the suburb.
The gross rental yield in SOMERTON PARK, 5044 is 3.87%.
An average of 3.92 real estate transactions take place per month in SOMERTON PARK which translates to 47 per annum.
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