GLYNDE, 5070 ranks 3559th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 0.42% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $1,200,000.
The upward trend in home prices in GLYNDE, 5070 averaged 12.8% per annum over a 3-year period.
Average weekly rents on listings have reached the $677.5 mark, reflecting a 2.94% increase in returns based on the current median price in GLYNDE.
An average of 2.25 real estate transactions take place per month in GLYNDE which translates to 27 per annum.
27 properties were sold in GLYNDE in 2016, making it the 250th most active market in SA based on total real estate transactions.
GLYNDE, 5070 places 381st in Australia based on median property value growth during the quarter.
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 $720,000.
Investors saw the median home price rise to $720,000.
The upward trend in home prices in GLYNDE, 5070 averaged 31.53% per annum over a 3-year period.
GLYNDE now ranks at the 45th 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 GLYNDE are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $510 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In GLYNDE, homes and units usually stay on listing for an average of N/A.
12 properties were sold in GLYNDE in 2016, making it the 140th most active market in SA based on total real estate transactions.