A steady increase in median property prices over a five-year period in the suburb translates to a -0.13% capital gain.
Property investors in TORRENS PARK enjoyed capital gains of 0.95% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $740,000.
Profits due to an downward trend in home prices there averaged -0.04% per annum over a 3-year period.
Home owners selling their properties and realtors in TORRENS PARK usually have to wait an average of 118.3 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $500 mark, reflecting a 3.51% increase in returns based on the current median price in TORRENS PARK.
TORRENS PARK, 5062 places 289th in Australia based on median property value growth during the quarter.
Property investors in TORRENS PARK enjoyed capital gains of 10.97% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in TORRENS PARK are low, as opposed to average gains per annum over the past five years.
TORRENS PARK posted a 23.19% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Real estate investors could earn a rental income of $305 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $305 mark, reflecting a 3.73% increase in returns based on the current median price in TORRENS PARK.
TORRENS PARK, 5062 ranks 40th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
TORRENS PARK ranks 177th on the list of best yielding suburbs for rental properties in SA, posting a 3.73% return.
More power to Landlords I say. It's...
What is it going to take for proper...
Those that own residential rental...
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal