A steady increase in median property prices over a five-year period in the suburb translates to a 2.84% capital gain.
Property investors in SOUTH BRIGHTON enjoyed capital gains of 5.11% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also 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 $596,500.
Profits due to an upward trend in home prices there averaged 0.95% per annum over a 3-year period.
Home owners selling their properties and realtors in SOUTH BRIGHTON usually have to wait an average of 41.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $420 mark, reflecting a 3.66% increase in returns based on the current median price in SOUTH BRIGHTON.
SOUTH BRIGHTON, 5048 places 264th in Australia based on median property value growth during the quarter.
Real estate investors could earn a rental income of $300 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $300 mark, reflecting a 4.39% increase in returns based on the current median price in SOUTH BRIGHTON.
SOUTH BRIGHTON, 5048 ranks 142nd in SA in terms of median property value increase and capital gains, based on year-to-date figures.
SOUTH BRIGHTON ranks 118th on the list of best yielding suburbs for rental properties in SA, posting a 4.39% return.
great article Cate Bakos!
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