Returning expats may increase property prices
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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The 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 $1,260,000.
The upward trend in home prices in TUSMORE, 5065 averaged 2.87% per annum over a 3-year period.
Average weekly rents on listings have reached the $565 mark, reflecting a 2.33% increase in returns based on the current median price in TUSMORE.
An average of 1.67 real estate transactions take place per month in TUSMORE which translates to 20 per annum.
20 properties were sold in TUSMORE in 2016, making it the 301st most active market in SA based on total real estate transactions.
TUSMORE, 5065 places th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,260,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0% | N/A |
| Median 12 month | 3.07% | N/A |
| Median 3 years | 8.62% | N/A |
| Median 5 years | 26.51% | N/A |
| 10 years average annual | 4.31% | N/A |
| Weekly media advert. rent | $565 | N/A |
| Time on Market | 61.4 days | N/A |
| Gross Rental Yield Percent | 2.33% | N/A |
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