‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
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 3.98% growth over a ten-year period. It ranks 1934th 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.
GLENELG NORTH, 5045 has a capital gain of 17.37% for the past year, which is higher than average compared to its 50.5% growth within a five-year period.
With the median home price in GLENELG NORTH sitting at $760,000, and the average rent at $442.5, property owners could potentially earn a 3.03% 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.
A 17.37% increase in median property prices in GLENELG NORTH, 5045 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 35th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $760,000 | $420,000 |
| GROWTH REPORT | ||
| Median Quarterly | 5.56% | 5.66% |
| Median 12 month | 17.37% | -0.06% |
| Median 3 years | 32.17% | 8.67% |
| Median 5 years | 50.5% | 6.6% |
| 10 years average annual | 3.98% | 2.08% |
| Weekly media advert. rent | $442.5 | $300 |
| Time on Market | 65.6 days | 73.8 days |
| Gross Rental Yield Percent | 3.03% | 3.71% |
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