GLENUNGA, 5064 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling GLENUNGA, 5064 values up and netting property investors a capital gain of 21.4% for the past year.
Investors saw the median home price rise to $1,143,000.
Profits due to an upward trend in home prices in the suburb averaged 9.19% per annum over a 3-year period.
GLENUNGA now ranks at the 50th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in GLENUNGA are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $550 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In GLENUNGA, homes and units usually stay on listing for an average of 68.9 days.
In 2016, 39 properties were sold in GLENUNGA during the past year, making it the 188th most active market in SA based on total real estate transactions.
GLENUNGA ranks 52nd in SA when it comes to estimated capital gains experienced by property investors over the past three years.
GLENUNGA, 5064 has a capital gain of 4.21% for the past year, which is lower than average compared to its 37.5% growth within a five-year period.
With the median home price in GLENUNGA sitting at $495,000, and the average rent at $367.5, property owners could potentially earn a 3.86% increase in gross rental yield.
Property investors have seen a 2.22% gain in GLENUNGA based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that GLENUNGA, 5064 obtained a 6.03% growth over a ten-year period. It ranks 520th on our list of suburbs that property investors should look into.