‘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...
The suburb also 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 $805,000.
The upward trend in home prices in COLLINSWOOD, 5081 averaged 7.02% per annum over a 3-year period.
Average weekly rents on listings have reached the $420 mark, reflecting a 2.71% increase in returns based on the current median price in COLLINSWOOD.
An average of 1.42 real estate transactions take place per month in COLLINSWOOD which translates to 17 per annum.
17 properties were sold in COLLINSWOOD in 2016, making it the 363rd most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $805,000 | $350,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | -2.84% | 6.71% |
| Median 3 years | 21.05% | 11.11% |
| Median 5 years | 29.84% | 11.11% |
| 10 years average annual | 2.8% | 3.42% |
| Weekly media advert. rent | $420 | $285 |
| Time on Market | 0.0 days | 61.9 days |
| Gross Rental Yield Percent | 2.71% | 4.23% |
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