Why these suburbs are faring better than others as prices fall
New data points to which suburbs with the largest average land sizes in each capital city are bucking against general property market trends...
A -3.31% increase in median property prices in KENSINGTON, 5068 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 5th.
A steady increase in median property prices over a five-year period in the suburb translates to a 14.43% capital gain.
It also 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 $658,000
The augmented property values in the suburb are trailing behind the territorial average of 1.36% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $400.
Home owners selling their properties and realtors in KENSINGTON usually have to wait an average of 0.0 days days before their assets are lifted off the market.
The SA suburb ranks 359th on the list of best yielding suburbs for rental properties in SA, posting a 3.16% return.
It also places places 154th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-3.31%||-0.75%|
|Median 3 years||14.43%||16.38%|
|Median 5 years||19.23%||3.44%|
|10 years average annual||3.03%||2.74%|
|Weekly media advert. rent||$400||$320|
|Time on Market||0.0 days||52.0 days|
|Gross Rental Yield Percent||3.16%||3.57%|
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