A steady increase in median property prices over a five-year period in the suburb translates to a 20% capital gain.
It 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 $780,000
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $555.
Home owners selling their properties and realtors in STEPNEY usually have to wait an average of 40.3 days days before their assets are lifted off the market.
The SA suburb ranks 282nd on the list of best yielding suburbs for rental properties in SA, posting a 3.7% return.
It also places places 401st in Australia based on median property value growth during the quarter.
With the median home price in STEPNEY sitting at $535,000, and the average rent at $390, property owners could potentially earn a 3.79% increase in gross rental yield.
STEPNEY, 5069 in SA belongs to the local government area of Norwood Payneham St Peters.
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