AREA REPORTS

Glenelg East

 

 

SA/
Glenelg east

Suburb Profile

Glenelg East - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5045

house
unit

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 13.26%.

A steady increase in median property prices over a five-year period in the suburb translates to a 5.56% capital gain.

Property investors in GLENELG EAST enjoyed capital gains of 13.26% 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 $760,000.

Profits due to an upward trend in home prices there averaged 1.85% per annum over a 3-year period.

Home owners selling their properties and realtors in GLENELG EAST usually have to wait an average of 53.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $450 mark, reflecting a 3.08% increase in returns based on the current median price in GLENELG EAST.

GLENELG EAST, 5045 places 76th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $760,000 $380,000
GROWTH REPORT
Median Quarterly 4.65% 1.33%
Median 12 month 13.26% 10.14%
Median 3 years 5.56% 5.56%
Median 5 years 27.73% 11.44%
10 years average annual 2.21% 2.67%
Weekly media advert. rent $450 $310
Time on Market 53.6 days 47.0 days
Gross Rental Yield Percent 3.08% 4.24%
demographics (median values)
Total Population
3575
Weekly Household Income
938.4
Household Size
2.10
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

For sale sign

How investors should react to mortgage possessions coming soon

Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...

NAB CBA Westpac ANZ

APRA report shines light on bank attitudes

A new report has been released by the prudential regulator that analyses how major banks view their own actions, and there’s certainly roo...

Aerial shot of property

How the start of 2019’s uncertainty impacted consumer sentiment

New data has been released that reveals how consumer sentiment has trended following the first three months of the year, which contained man...

Residential and commercial property

The difference between residential and commercial property investment

Investor Arjun Paliwal considers the only commercial property in his nine-property portfolio as his second-most successful investment in ove...

Aerial shot of property

Investors vital to housing challenge as affordability hits six-year high

Housing affordability has seen a rapid improvement over the March quarter, with one association labelling it the fastest improvement since 2...

Australia from space

Investing overseas for the first time: How this investor will do it

After acquiring nine properties in four years, investor Arjun Paliwal decided to diversify his portfolio even further by making his next pur...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.