Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $878,855.
The upward trend in home prices in COLLINSWOOD, 5081 averaged 12.87% per annum over a 3-year period.
Average weekly rents on listings have reached the $485 mark, reflecting a 2.87% increase in returns based on the current median price in COLLINSWOOD.
An average of 1.58 real estate transactions take place per month in COLLINSWOOD which translates to 19 per annum.
19 properties were sold in COLLINSWOOD in 2016, making it the 347th most active market in SA based on total real estate transactions.
COLLINSWOOD, 5081 places 107th in Australia based on median property value growth during the quarter.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $326,900.
Investors saw the median home price rise to $326,900.
The upward trend in home prices in COLLINSWOOD, 5081 averaged 0.72% per annum over a 3-year period.
COLLINSWOOD now ranks at the 43rd 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 COLLINSWOOD are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $290 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In COLLINSWOOD, homes and units usually stay on listing for an average of 42.1 days.
16 properties were sold in COLLINSWOOD in 2016, making it the 136th most active market in SA based on total real estate transactions.
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