Australia is in the midst of ‘the biggest rental crisis in history’, expert says
Australia’s property market has never been more paradoxical, with intense rental pressure recorded in a majority of towns and cities, but ...
Based on its average 5-year and quarterly capital gains GLENELG NORTH, 5045 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that GLENELG NORTH, 5045 obtained a 2.45% growth over a ten-year period. It ranks 2759th on our list of suburbs that property investors should look into.
GLENELG NORTH, 5045 in SA belongs to the local government area of Holdfast Bay (C).
GLENELG NORTH, 5045 has a capital gain of 2% for the past year, which is lower than average compared to its 23.64% growth within a five-year period.
With the median home price in GLENELG NORTH sitting at $765,000, and the average rent at $450, property owners could potentially earn a 3.06% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GLENELG NORTH are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $765,000 | $397,500 |
| GROWTH REPORT | ||
| Median Quarterly | 2% | -5.69% |
| Median 12 month | 2% | -0.63% |
| Median 3 years | 13.33% | 11.97% |
| Median 5 years | 23.64% | 9.96% |
| 10 years average annual | 2.45% | 0.96% |
| Weekly media advert. rent | $450 | $325 |
| Time on Market | 60.7 days | 65.5 days |
| Gross Rental Yield Percent | 3.06% | 4.25% |
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