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Property investors enjoyed capital gains of 8.9% 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 4.07% growth over a ten-year period. It ranks 2043rd on our list of suburbs that property investors should look into.
MYRTLE BANK, 5064 has a capital gain of 8.9% for the past year, which is higher than average compared to its 29.19% growth within a five-year period.
With the median home price in MYRTLE BANK sitting at $1,040,000, and the average rent at $545, property owners could potentially earn a 2.73% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in MYRTLE BANK are high, 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 (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.9%||2.45%|
|Median 3 years||8.9%||N/A|
|Median 5 years||29.19%||20.89%|
|10 years average annual||4.07%||0.62%|
|Weekly media advert. rent||$545||$360|
|Time on Market||47.3 days||0.0 days|
|Gross Rental Yield Percent||2.73%||4.07%|