Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Subscribe to our newsletter
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 4.61% growth over a ten-year period. It ranks 1768th 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 9.01% for the past year, which is higher than average compared to its 28.21% growth within a five-year period.
With the median home price in GLENELG NORTH sitting at $750,000, and the average rent at $495, property owners could potentially earn a 3.43% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in GLENELG NORTH are high, as opposed to average gains per annum over the past five years.
A 9.01% 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 76th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $750,000 | $405,500 |
| GROWTH REPORT | ||
| Median Quarterly | 12.36% | 5.32% |
| Median 12 month | 9.01% | 15.99% |
| Median 3 years | 16.28% | 48.13% |
| Median 5 years | 28.21% | 12.64% |
| 10 years average annual | 4.61% | 4.47% |
| Weekly media advert. rent | $495 | $297.5 |
| Time on Market | 83.1 days | 79.7 days |
| Gross Rental Yield Percent | 3.43% | 3.82% |
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
Aussie national retail groups and shopping centre landlords have reached an agreement on a set of retail leasing principles, presenting a un...
In a press conference following the most recent national cabinet meeting, Prime Minister Scott Morrison has weighed in on the government’s...
Ray White Commercial’s head of agency operations, Andrew Freeman, has shared how the commercial market is playing out for keen investors. ...
Landlords have received welcome news, with the Minister for Housing confirming there is no rental freeze during the moratorium. ...
The Reserve Bank has “no appetite” for negative interest rates, with the current cash rate locked in for an “extended period”, the c...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
