487 Markets Join Million-dollar Property Club: CoreLogic
Australia’s property million-dollar club has continued to grow, as new research shows that more than one in five homes...
BEAUMONT, 5066 ranks 105th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 53.37% for property investors.
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 $1,480,000.
The upward trend in home prices in BEAUMONT, 5066 averaged 20.88% per annum over a 3-year period.
Average weekly rents on listings have reached the $640 mark, reflecting a 2.25% increase in returns based on the current median price in BEAUMONT.
An average of 5.33 real estate transactions take place per month in BEAUMONT which translates to 64 per annum.
64 properties were sold in BEAUMONT in 2016, making it the 73rd most active market in SA based on total real estate transactions.
BEAUMONT, 5066 places 54th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||53.37%||N/A|
|Median 3 years||62.64%||N/A|
|Median 5 years||64.81%||N/A|
|10 years average annual||8.87%||N/A|
|Weekly media advert. rent||$640||N/A|
|Time on Market||76.8 days||N/A|
|Gross Rental Yield Percent||2.25%||N/A|