Property investors have seen a -2.47% drop in URRBRAE based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains URRBRAE, 5064 saw average growth in the long term.
The SA suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $830,000
Profits averaged 7.84% per annum over a 3-year period, due to an upward trend in home prices in URRBRAE, 5064.
This means, real estate investors could earn a rental income of $475 based on current median home prices for the suburb.
The gross rental yield in URRBRAE, 5064 is 2.98%.
An average of 2 real estate transactions take place per month in URRBRAE which translates to 24 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0%||N/A|
|Median 3 years||23.51%||16.52%|
|Median 5 years||9.68%||N/A|
|10 years average annual||3.14%||N/A|
|Weekly media advert. rent||$475||N/A|
|Time on Market||92.1 days||0.0 days|
|Gross Rental Yield Percent||2.98%||N/A|