Property investors enjoyed capital gains of 10.49% over the last 12 months in TOORAK GARDENS, translating to lower returns compared with its peers in SA.
Figures from the previous quarter show that capital gains for real estate buyers in TOORAK GARDENS are low, as opposed to average gains per annum over the past five years.
The suburb posted a 10.27% 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 $745 based on current median home prices for the suburb.
On average, rents on listings have reached the $745 mark, reflecting a 2.76% increase in returns based on the current median price in TOORAK GARDENS.
TOORAK GARDENS, 5065 ranks 92nd in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 371st on the list of best yielding suburbs for rental properties in SA, posting a 2.76% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.49%||5.05%|
|Median 3 years||10.27%||-1.25%|
|Median 5 years||47.77%||38.6%|
|10 years average annual||4.9%||6.88%|
|Weekly media advert. rent||$745||$300|
|Time on Market||39.6 days||0.0 days|
|Gross Rental Yield Percent||2.76%||3.95%|