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Myrtle Bank
AREA REPORTS

Myrtle Bank

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

house
unit

Property investors enjoyed capital gains of 25.81% 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 6.4% growth over a ten-year period. It ranks 1758th on our list of suburbs that property investors should look into.

MYRTLE BANK, 5064 has a capital gain of 25.81% for the past year, which is higher than average compared to its 47.41% growth within a five-year period.

With the median home price in MYRTLE BANK sitting at $1,321,000, and the average rent at $600, property owners could potentially earn a 2.36% 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).

Data report can be found below

Myrtle Bank
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,321,000 $436,000
GROWTH REPORT
Median Quarterly 12.43% -7.82%
Median 12 month 25.81% -5.22%
Median 3 years 33.43% 7.39%
Median 5 years 47.41% 11.08%
10 years average annual 6.4% 3.19%
Weekly media advert. rent $600 $372.5
Time on Market 54.5 days 57.6 days
Gross Rental Yield Percent 2.36% 4.44%
demographics (median values)*
Total Population
9855
Weekly Household Income
1799
Household Size
2.50
Age
46
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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