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 4.48% growth over a ten-year period. It ranks 1713th 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 4.65% for the past year, which is lower than average compared to its 35% growth within a five-year period.
With the median home price in GLENELG NORTH sitting at $675,000, and the average rent at $430, property owners could potentially earn a 3.31% 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.
Property investors enjoyed capital gains of 5.31% over the last 12 months in GLENELG NORTH, translating to lower returns compared with its peers in SA.
GLENELG NORTH, 5045 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 $405,000.
Profits due to an upward trend in home prices in GLENELG NORTH, 5045 averaged 1.28% per annum over a 3-year period.
Home owners selling their properties and realtors in GLENELG NORTH usually have to wait an average of 70.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $292.5 mark, reflecting a 3.76% increase in returns based on the current median price in GLENELG NORTH.
GLENELG NORTH, 5045 places 133rd in Australia based on median property value growth during the quarter.