Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
KENSINGTON PARK, 5068 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling KENSINGTON PARK, 5068 values up and netting property investors a capital gain of 18.97% for the past year.
Investors saw the median home price rise to $1,110,000.
Profits due to an upward trend in home prices in the suburb averaged 3.3% per annum over a 3-year period.
KENSINGTON PARK now ranks at the 85th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in KENSINGTON PARK are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $670 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In KENSINGTON PARK, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 27 properties were sold in KENSINGTON PARK during the past year, making it the 273rd most active market in SA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||18.97%||N/A|
|Median 3 years||9.9%||-3.18%|
|Median 5 years||26.14%||N/A|
|10 years average annual||3.59%||-2.52%|
|Weekly media advert. rent||$670||$370|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||3.14%||4.68%|