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Magill
AREA REPORTS

Magill

Magill - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5072

house
unit

Property investments in MAGILL did not fare well against the rest of the country last year, registering a median home price decrease of 28.51%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains MAGILL, 5072 saw average growth in the long term.

Real estate investors could earn a rental income of $477.5 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 49.4 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $861,000.

MAGILL ranks 302nd on the list of best yielding suburbs for rental properties in SA, posting a 2.88% return.

Data report can be found below

Magill
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $861,000 $466,000
GROWTH REPORT
Median Quarterly 14.42% 6.3%
Median 12 month 28.51% -3.92%
Median 3 years 31.95% 28.73%
Median 5 years 38.87% 27.67%
10 years average annual 5.27% 5.37%
Weekly media advert. rent $477.5 $350
Time on Market 49.4 days 75.1 days
Gross Rental Yield Percent 2.88% 3.91%
demographics (median values)*
Total Population
12666
Weekly Household Income
1394
Household Size
2.50
Age
41
Monthly Loan Repayment
1806
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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