Homeowners and real estate investors betting on FELIXSTOW, 5070 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 20.37%.
A steady increase in median property prices over a five-year period in the suburb translates to a 26.08% capital gain.
Property investors in FELIXSTOW enjoyed capital gains of 20.37% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $677,687.
Profits due to an upward trend in home prices there averaged 8.69% per annum over a 3-year period.
Home owners selling their properties and realtors in FELIXSTOW usually have to wait an average of 74.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $417.5 mark, reflecting a 3.2% increase in returns based on the current median price in FELIXSTOW.
FELIXSTOW, 5070 places 153rd in Australia based on median property value growth during the quarter.
Property investors in FELIXSTOW enjoyed capital gains of 12.62% over the last 12 months translating to lower returns compared with its peers in the territory.
FELIXSTOW posted a 27.42% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Real estate investors could earn a rental income of $297.5 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $297.5 mark, reflecting a 3.92% increase in returns based on the current median price in FELIXSTOW.
FELIXSTOW, 5070 ranks 38th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
FELIXSTOW ranks 157th on the list of best yielding suburbs for rental properties in SA, posting a 3.92% return.
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