CBA Ups House Price Growth Expectations But Fails To Meet Westpac’s Optimism
The Commonwealth Bank has revised its property price forecast for 2021 on the back of strong growth in February and Marc...
Property investors enjoyed capital gains of 46.74% over the last 12 months in KENT TOWN, translating to lower returns compared with its peers in SA.
A survey of average capital gains or median home price increase in suburbs across the country shows that KENT TOWN, 5067 obtained a 5.23% growth over a ten-year period. It ranks 443rd on our list of suburbs that property investors should look into.
KENT TOWN, 5067 has a capital gain of 46.74% for the past year, which is higher than average compared to its 34.29% growth within a five-year period.
With the median home price in KENT TOWN sitting at $653,000, and the average rent at $395, property owners could potentially earn a 3.15% increase in gross rental yield.
A 46.74% increase in median property prices in KENT TOWN, 5067 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 1st.
Figures from the previous quarter show that capital gains for real estate buyers in KENT TOWN are high, as opposed to average gains per annum over the past five years.
KENT TOWN, 5067 in SA belongs to the local government area of Norwood Payneham St Peters (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||N/A||46.74%|
|Median 3 years||N/A||26.8%|
|Median 5 years||N/A||34.29%|
|10 years average annual||N/A||5.23%|
|Weekly media advert. rent||N/A||$395|
|Time on Market||N/A||47.1 days|
|Gross Rental Yield Percent||N/A||3.15%|