$3m-plus suburbs double during the pandemic as allure of luxury property grows
With more Australians racking up more savings than ever before and affordability improving across the real estate market, the allure of luxu...
Property investors enjoyed capital gains of 22.72% over the last 12 months in GLENELG SOUTH, translating to lower returns compared with its peers in SA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 5.17% growth over a ten-year period. It ranks 1454th on our list of suburbs that property investors should look into.
GLENELG SOUTH, 5045 has a capital gain of 22.72% for the past year, which is higher than average compared to its 68.06% growth within a five-year period.
With the median home price in GLENELG SOUTH sitting at $1,210,000, and the average rent at $400, property owners could potentially earn a 1.72% increase in gross rental yield.
A 22.72% increase in median property prices in GLENELG SOUTH, 5045 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 17th.
Figures from the previous quarter show that capital gains for real estate buyers in GLENELG SOUTH are high, as opposed to average gains per annum over the past five years.
GLENELG SOUTH, 5045 in SA belongs to the local government area of Holdfast Bay (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,210,000 | $430,500 |
| GROWTH REPORT | ||
| Median Quarterly | 22.1% | 13.96% |
| Median 12 month | 22.72% | 1.06% |
| Median 3 years | 9.5% | 3.42% |
| Median 5 years | 68.06% | 12.55% |
| 10 years average annual | 5.17% | 1.21% |
| Weekly media advert. rent | $400 | $370 |
| Time on Market | 0.0 days | 91.9 days |
| Gross Rental Yield Percent | 1.72% | 4.47% |
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