Property investors enjoyed capital gains of 21.46% 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 6.75% growth over a ten-year period. It ranks 957th on our list of suburbs that property investors should look into.
MYRTLE BANK, 5064 has a capital gain of 21.46% for the past year, which is higher than average compared to its 41.58% growth within a five-year period.
With the median home price in MYRTLE BANK sitting at $1,030,000, and the average rent at $513, property owners could potentially earn a 2.59% increase in gross rental yield.
A 21.46% increase in median property prices in MYRTLE BANK, 5064 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 17th.
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.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||21.46%||-1.76%|
|Median 3 years||44.66%||7.78%|
|Median 5 years||41.58%||18.03%|
|10 years average annual||6.75%||5.03%|
|Weekly media advert. rent||$513||$350|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||2.59%||4.34%|