Competition from FHBs not expected until late 2019
First-home buyers are expected to return to the market by the end of 2019, meaning property investors could have less-than-expected competit...
Property investors enjoyed capital gains of 7.84% over the last 12 months in GLENALTA, translating to lower returns compared with its peers in SA.
Figures from the previous quarter show that capital gains for real estate buyers in GLENALTA are low, as opposed to average gains per annum over the past five years.
The suburb posted a 17.02% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.
On average, rents on listings have reached the $400 mark, reflecting a 3.78% increase in returns based on the current median price in GLENALTA.
GLENALTA, 5052 ranks 104th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 274th on the list of best yielding suburbs for rental properties in SA, posting a 3.78% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $550,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.76% | N/A |
| Median 12 month | 7.84% | N/A |
| Median 3 years | 17.02% | N/A |
| Median 5 years | 30.95% | N/A |
| 10 years average annual | 3.11% | N/A |
| Weekly media advert. rent | $400 | N/A |
| Time on Market | 89.9 days | N/A |
| Gross Rental Yield Percent | 3.78% | N/A |
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