‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Property investors enjoyed capital gains of 10.69% over the last 12 months in TRANMERE, translating to lower returns compared with its peers in SA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 4.12% growth over a ten-year period. It ranks 1864th on our list of suburbs that property investors should look into.
TRANMERE, 5073 has a capital gain of 10.69% for the past year, which is higher than average compared to its 39.42% growth within a five-year period.
With the median home price in TRANMERE sitting at $725,000, and the average rent at $410, property owners could potentially earn a 2.94% increase in gross rental yield.
A 10.69% increase in median property prices in TRANMERE, 5073 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 71st.
Figures from the previous quarter show that capital gains for real estate buyers in TRANMERE are low, as opposed to average gains per annum over the past five years.
TRANMERE, 5073 in SA belongs to the local government area of Campbelltown.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $725,000 | $509,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3.57% | 0% |
| Median 12 month | 10.69% | -0.07% |
| Median 3 years | 18.37% | 50.7% |
| Median 5 years | 39.42% | N/A |
| 10 years average annual | 4.12% | 3.36% |
| Weekly media advert. rent | $410 | $390 |
| Time on Market | 56.5 days | 76.4 days |
| Gross Rental Yield Percent | 2.94% | 3.98% |
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