Homeowners and real estate investors betting on GLENELG EAST, 5045 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 20.69%.
A steady increase in median property prices over a five-year period in the suburb translates to a 18.64% capital gain.
Property investors in GLENELG EAST enjoyed capital gains of 20.69% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $875,000.
Profits due to an upward trend in home prices there averaged 6.21% per annum over a 3-year period.
Home owners selling their properties and realtors in GLENELG EAST usually have to wait an average of 75.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $465 mark, reflecting a 2.76% increase in returns based on the current median price in GLENELG EAST.
GLENELG EAST, 5045 places 42nd in Australia based on median property value growth during the quarter.
Figures from the previous quarter show that capital gains for real estate buyers in GLENELG EAST are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $320 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $320 mark, reflecting a 4.44% increase in returns based on the current median price in GLENELG EAST.
GLENELG EAST, 5045 ranks 112th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
GLENELG EAST ranks 114th on the list of best yielding suburbs for rental properties in SA, posting a 4.44% return.
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