Top 10 Suburbs For Unit Price Growth In Perth
In July 2021, a CoreLogic study showed a record high gap between median house and unit prices in the Australian property...
Property investors enjoyed capital gains of 69.02% 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 10.5% growth over a ten-year period. It ranks 3727th on our list of suburbs that property investors should look into.
GLENELG SOUTH, 5045 has a capital gain of 69.02% for the past year, which is higher than average compared to its 75.58% growth within a five-year period.
With the median home price in GLENELG SOUTH sitting at $1,675,000, and the average rent at $500, property owners could potentially earn a 1.55% increase in gross rental yield.
A 69.02% 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 1st.
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 12 month||69.02%||9.28%|
|Median 3 years||33.95%||4.88%|
|Median 5 years||75.58%||3.61%|
|10 years average annual||10.5%||0.52%|
|Weekly media advert. rent||$500||$380|
|Time on Market||57.8 days||77.8 days|
|Gross Rental Yield Percent||1.55%||4.6%|