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 $888,000.
The upward trend in home prices in BEAUMONT, 5066 averaged 5.69% per annum over a 3-year period.
Average weekly rents on listings have reached the $450 mark, reflecting a 2.64% increase in returns based on the current median price in BEAUMONT.
An average of 3.92 real estate transactions take place per month in BEAUMONT which translates to 47 per annum.
47 properties were sold in BEAUMONT in 2016, making it the 146th most active market in SA based on total real estate transactions.
BEAUMONT, 5066 places 290th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.66%||N/A|
|Median 3 years||17.07%||N/A|
|Median 5 years||26.86%||N/A|
|10 years average annual||3.71%||N/A|
|Weekly media advert. rent||$450||N/A|
|Time on Market||95.7 days||N/A|
|Gross Rental Yield Percent||2.64%||N/A|