Property investors enjoyed capital gains of 12.8% 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 22.08% 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 $785 based on current median home prices for the suburb.
On average, rents on listings have reached the $785 mark, reflecting a 2.9% increase in returns based on the current median price in TOORAK GARDENS.
TOORAK GARDENS, 5065 ranks 64th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 353rd on the list of best yielding suburbs for rental properties in SA, posting a 2.9% return.
Homeowners and real estate investors betting on TOORAK GARDENS, 5065 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 11.19%.
TOORAK GARDENS, 5065 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $380,000.
Profits due to an downward trend in home prices in TOORAK GARDENS, 5065 averaged -1.67% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $300 based on current median home prices for the suburb.
The gross rental yield in TOORAK GARDENS, 5065 is 4.11%.
An average of 1 real estate transactions take place per month in TOORAK GARDENS which translates to 12 per annum.
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