HYDE PARK, 5061 ranks 1828th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 8.6% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $1,200,000.
The upward trend in home prices in HYDE PARK, 5061 averaged 6.27% per annum over a 3-year period.
Average weekly rents on listings have reached the $650 mark, reflecting a 2.82% increase in returns based on the current median price in HYDE PARK.
An average of 2.67 real estate transactions take place per month in HYDE PARK which translates to 32 per annum.
32 properties were sold in HYDE PARK in 2016, making it the 243rd most active market in SA based on total real estate transactions.
HYDE PARK, 5061 places 379th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.6%||N/A|
|Median 3 years||18.81%||25.14%|
|Median 5 years||28.34%||58.24%|
|10 years average annual||4%||7.01%|
|Weekly media advert. rent||$650||$365|
|Time on Market||102.4 days||60.7 days|
|Gross Rental Yield Percent||2.82%||2.78%|