Based on its average 5-year and quarterly capital gains PARKSIDE, 5063 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that PARKSIDE, 5063 obtained a 3.7% growth over a ten-year period. It ranks 2050th on our list of suburbs that property investors should look into.
PARKSIDE, 5063 in SA belongs to the local government area of Unley.
PARKSIDE, 5063 has a capital gain of 9.19% for the past year, which is higher than average compared to its 28.92% growth within a five-year period.
With the median home price in PARKSIDE sitting at $838,000, and the average rent at $510, property owners could potentially earn a 3.16% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in PARKSIDE are low, as opposed to average gains per annum over the past five years.
A steady increase in median property prices over a five-year period in PARKSIDE, 5063 translates to a 6.68% capital gain.
PARKSIDE, 5063 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 $496,050.
Profits due to an upward trend in home prices in PARKSIDE, 5063 averaged 2.23% per annum over a 3-year period.
Home owners selling their properties and realtors in PARKSIDE usually have to wait an average of 61.8 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $370 mark, reflecting a 3.88% increase in returns based on the current median price in PARKSIDE.
PARKSIDE, 5063 places 152nd in Australia based on median property value growth during the quarter.