House Prices Push Average Australian’s Wealth Even Higher In 2022
Despite worries of a housing downturn, Australians’ wealth actually increased 1.2 per cent on average in the first qua...
Property investors enjoyed capital gains of 59.24% over the last 12 months in LINDEN PARK, translating to lower returns compared with its peers in SA.
Figures from the previous quarter show that capital gains for real estate buyers in LINDEN PARK are low, as opposed to average gains per annum over the past five years.
The suburb posted a 51.99% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $607.5 based on current median home prices for the suburb.
On average, rents on listings have reached the $607.5 mark, reflecting a 2.33% increase in returns based on the current median price in LINDEN PARK.
LINDEN PARK, 5065 ranks 2nd in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 351st on the list of best yielding suburbs for rental properties in SA, posting a 2.33% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||59.24%||-10.45%|
|Median 3 years||51.99%||7%|
|Median 5 years||73.53%||-7.25%|
|10 years average annual||8.98%||4.03%|
|Weekly media advert. rent||$607.5||$347.5|
|Time on Market||79.0 days||0.0 days|
|Gross Rental Yield Percent||2.33%||4.63%|