Teringie

TERINGIE, 5072 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 $1,340,000.

Profits due to an downward trend in home prices in the suburb averaged -4.01% per annum over a 3-year period.

TERINGIE now ranks at the th 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 TERINGIE are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of N/A based on current median home prices.

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 N/A.

In 2016, 10 properties were sold in TERINGIE during the past year, making it the 497th most active market in SA based on total real estate transactions.