Property investors enjoyed capital gains of 2% over the last 12 months in GLENALTA, translating to lower returns compared with its peers in SA.
The suburb posted a 12.09% 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 $435 based on current median home prices for the suburb.
On average, rents on listings have reached the $435 mark, reflecting a 4.44% increase in returns based on the current median price in GLENALTA.
GLENALTA, 5052 ranks 263rd in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 164th on the list of best yielding suburbs for rental properties in SA, posting a 4.44% return.
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