TERINGIE, 5072 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling TERINGIE, 5072 values up and netting property investors a capital gain of 8.59% for the past year.
Investors saw the median home price rise to $787,250.
Profits due to an upward trend in home prices in the suburb averaged 15.26% per annum over a 3-year period.
TERINGIE now ranks at the 40th place on a list of fastest growing suburbs in the territory.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In TERINGIE, homes and units usually stay on listing for an average of 70.7 days.
In 2016, 10 properties were sold in TERINGIE during the past year, making it the 487th most active market in SA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.59%||N/A|
|Median 3 years||45.79%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||12.04%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||70.7 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|