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 11.04% growth over a ten-year period. It ranks 189th 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 -13.64% for the past year, which is lower than average compared to its 120.69% growth within a five-year period.
With the median home price in SEACLIFF sitting at $1,600,000, and the average rent at $750, property owners could potentially earn a 2.44% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in SEACLIFF are low, as opposed to average gains per annum over the past five years.
Homeowners and real estate investors betting on SEACLIFF, 5049 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 17.26%.
A steady increase in median property prices over a five-year period in SEACLIFF, 5049 translates to a 57.36% capital gain.
Property investors enjoyed capital gains of 17.26% over the last 12 months in SEACLIFF, translating to lower returns compared with its peers in SA.
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 $788,000.
Profits due to an upward trend in home prices in SEACLIFF, 5049 averaged 19.12% per annum over a 3-year period.
Home owners selling their properties and realtors in SEACLIFF usually have to wait an average of 51 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $550 mark, reflecting a 3.63% increase in returns based on the current median price in SEACLIFF.
SEACLIFF, 5049 places 23rd in Australia based on median property value growth during the quarter.