Based on its average 5-year and quarterly capital gains SEACLIFF, 5049 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 SEACLIFF, 5049 obtained a 3.64% growth over a ten-year period. It ranks 2081st on our list of suburbs that property investors should look into.
SEACLIFF, 5049 in SA belongs to the local government area of Holdfast Bay.
SEACLIFF, 5049 has a capital gain of -3.75% for the past year, which is lower than average compared to its 34.92% growth within a five-year period.
With the median home price in SEACLIFF sitting at $755,545, and the average rent at $425, property owners could potentially earn a 2.93% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in SEACLIFF are high, as opposed to average gains per annum over the past five years.
SEACLIFF, 5049 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $499,000.
Profits due to an upward trend in home prices in SEACLIFF, 5049 averaged 5.35% per annum over a 3-year period.
Home owners selling their properties and realtors in SEACLIFF usually have to wait an average of 112.2 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $350 mark, reflecting a 3.65% increase in returns based on the current median price in SEACLIFF.
SEACLIFF, 5049 places 25th in Australia based on median property value growth during the quarter.