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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 $850,000
Profits averaged 4.95% 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 $720 based on current median home prices for the suburb.
The gross rental yield in URRBRAE, 5064 is 4.4%.
An average of 1.92 real estate transactions take place per month in URRBRAE which translates to 23 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $850,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | -0.12% | N/A |
| Median 3 years | 14.86% | N/A |
| Median 5 years | 19.72% | N/A |
| 10 years average annual | 3.07% | N/A |
| Weekly media advert. rent | $720 | N/A |
| Time on Market | 90.8 days | N/A |
| Gross Rental Yield Percent | 4.4% | N/A |
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