Popular borrowing strategy in government’s sights
Using superannuation to borrow spiked in popularity from 2007, but it has become a battleground for both sides of government in the lead up ...
A 12.83% increase in median property prices in PAYNEHAM, 5070 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 57th.
A steady increase in median property prices over a five-year period in the suburb translates to a 16.32% 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 $677,000
The augmented property values in the suburb are trailing above the territorial average of 2.5% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $400.
Home owners selling their properties and realtors in PAYNEHAM usually have to wait an average of 0.0 days days before their assets are lifted off the market.
The SA suburb ranks 348th on the list of best yielding suburbs for rental properties in SA, posting a 3.07% return.
It also places places 67th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $677,000 | $308,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.15% | -3.45% |
| Median 12 month | 12.83% | -3.45% |
| Median 3 years | 16.32% | -3.75% |
| Median 5 years | 33.07% | 8.07% |
| 10 years average annual | 4.11% | 1.67% |
| Weekly media advert. rent | $400 | $290 |
| Time on Market | 0.0 days | 49.0 days |
| Gross Rental Yield Percent | 3.07% | 4.9% |
Using superannuation to borrow spiked in popularity from 2007, but it has become a battleground for both sides of government in the lead up ...
The top 50 suburbs for the total amount of stamp duty paid have been revealed, according to fresh data. ...
New data has indicated that new home sales have continued their trend of decline through to the end of 2018. ...
Experienced property investors might think they’ve heard it all before, but when it comes to getting maximum dollars in a valuation report...
One property expert cited Adelaide, Canberra and Brisbane as the property investment hotspots of 2019. What’s in store for the capital cit...
No matter how similar all properties look across a block, Suburbanite’s Anna Porter said that investors can induce ‘a sense of scarcityâ...