House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
EASTWOOD, 5063 ranks 296th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.04% for property investors last year.
Based on its average 5-year and quarterly capital gains EASTWOOD, 5063 saw average growth in the long term.
Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Profits due to an upward trend in home prices in EASTWOOD, 5063 averaged 1.03% per annum over a 3-year period.
Average weekly rents on listings have reached the $440 mark, reflecting a 3.91% increase in returns based on the current median price in EASTWOOD.
An average of 1.08 real estate transactions take place per month in EASTWOOD which translates to 13 per annum.
13 properties were sold in EASTWOOD during the past year, making it the 165th most active market in SA based on total real estate transactions.
EASTWOOD, 5063 places 129th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | N/A | $585,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -2.9% |
| Median 12 month | N/A | 13.04% |
| Median 3 years | N/A | 3.08% |
| Median 5 years | N/A | 8.13% |
| 10 years average annual | N/A | 0.5% |
| Weekly media advert. rent | N/A | $440 |
| Time on Market | N/A | 115.1 days |
| Gross Rental Yield Percent | N/A | 3.91% |
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