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 $805,000.
The upward trend in home prices in COLLINSWOOD, 5081 averaged 9.6% per annum over a 3-year period.
Average weekly rents on listings have reached the $460 mark, reflecting a 2.97% increase in returns based on the current median price in COLLINSWOOD.
An average of 1.83 real estate transactions take place per month in COLLINSWOOD which translates to 22 per annum.
22 properties were sold in COLLINSWOOD in 2016, making it the 308th most active market in SA based on total real estate transactions.
COLLINSWOOD, 5081 places 379th 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 $350,000.
Average median unit prices in SA have risen as a whole, pulling COLLINSWOOD, 5081 values up and netting property investors a capital gain of 1.45% for the past year.
Investors saw the median home price rise to $350,000.
The upward trend in home prices in COLLINSWOOD, 5081 averaged 3.7% per annum over a 3-year period.
COLLINSWOOD now ranks at the 18th 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 $285 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 46.8 days.
18 properties were sold in COLLINSWOOD in 2016, making it the 123rd most active market in SA based on total real estate transactions.
Great Blog! Very interesting and helpful...
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