Australia Heads Towards An Apartment Drought
The Property Council is predicting an apartment supply crunch across some of the country’s largest housing markets, wh...
GLYNDE, 5070 ranks 3120th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 4.04% 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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $670,000.
The upward trend in home prices in GLYNDE, 5070 averaged 1.75% per annum over a 3-year period.
Average weekly rents on listings have reached the $437.5 mark, reflecting a 3.4% increase in returns based on the current median price in GLYNDE.
An average of 1.75 real estate transactions take place per month in GLYNDE which translates to 21 per annum.
21 properties were sold in GLYNDE in 2016, making it the 318th most active market in SA based on total real estate transactions.
GLYNDE, 5070 places 88th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.04%||N/A|
|Median 3 years||5.26%||13.45%|
|Median 5 years||11.11%||N/A|
|10 years average annual||3.28%||N/A|
|Weekly media advert. rent||$437.5||$300|
|Time on Market||0.0 days||0.0 days|
|Gross Rental Yield Percent||3.4%||2.64%|