Markets In A ‘sound’ State Despite Shift: PIPA
The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
Property investors enjoyed capital gains of 13.72% 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 3.91% growth over a ten-year period. It ranks 2796th on our list of suburbs that property investors should look into.
TRANMERE, 5073 has a capital gain of 13.72% for the past year, which is higher than average compared to its 17.25% growth within a five-year period.
With the median home price in TRANMERE sitting at $756,250, and the average rent at $500, property owners could potentially earn a 3.44% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in TRANMERE are high, as opposed to average gains per annum over the past five years.
TRANMERE, 5073 in SA belongs to the local government area of Campbelltown (C) (SA).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.72%||6.09%|
|Median 3 years||8.58%||24.4%|
|Median 5 years||17.25%||19.68%|
|10 years average annual||3.91%||0.78%|
|Weekly media advert. rent||$500||$385|
|Time on Market||58.1 days||0.0 days|
|Gross Rental Yield Percent||3.44%||3.47%|