Property investors enjoyed capital gains of 4.24% over the last 12 months in STURT, translating to lower returns compared with its peers in SA.
Figures from the previous quarter show that capital gains for real estate buyers in STURT are low, as opposed to average gains per annum over the past five years.
The suburb posted a 18.2% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.
On average, rents on listings have reached the $390 mark, reflecting a 4.34% increase in returns based on the current median price in STURT.
STURT, 5047 ranks 187th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 197th on the list of best yielding suburbs for rental properties in SA, posting a 4.34% return.
Property investors have seen a 0.8% gain in STURT based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains STURT, 5047 saw average growth in the long term.
STURT, 5047 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 $440,000.
Profits due to an upward trend in home prices in STURT, 5047 averaged 2.01% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $395 based on current median home prices for the suburb.
The gross rental yield in STURT, 5047 is 4.67%.
An average of 1.83 real estate transactions take place per month in STURT which translates to 22 per annum.
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