AREA REPORTS

Myrtle Bank

Suburb Profile

Myrtle Bank - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5064

house
unit

Property investors enjoyed capital gains of 5.9% over the last 12 months in MYRTLE BANK, translating to lower returns compared with its peers in SA.

A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 4.27% growth over a ten-year period. It ranks 1789th on our list of suburbs that property investors should look into.

MYRTLE BANK, 5064 has a capital gain of 5.9% for the past year, which is lower than average compared to its 42.84% growth within a five-year period.

With the median home price in MYRTLE BANK sitting at $987,000, and the average rent at $460, property owners could potentially earn a 2.42% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in MYRTLE BANK are low, as opposed to average gains per annum over the past five years.

MYRTLE BANK, 5064 in SA belongs to the local government area of Unley.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $987,000 $470,000
GROWTH REPORT
Median Quarterly 4.72% -2.08%
Median 12 month 5.9% 15.48%
Median 3 years 25.73% 26.17%
Median 5 years 42.84% 36.23%
10 years average annual 4.27% 4.52%
Weekly media advert. rent $460 $357.5
Time on Market 65.3 days 69.8 days
Gross Rental Yield Percent 2.42% 3.96%
demographics (median values)
Total Population
2833
Weekly Household Income
1121
Household Size
2.40
demographics
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