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AREA REPORTS

Medindie

Medindie - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5081

house

MEDINDIE, 5081 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in SA have risen as a whole, pulling MEDINDIE, 5081 values up and netting property investors a capital gain of 32.17% for the past year.

Investors saw the median home price rise to $1,520,000.

Profits due to an downward trend in home prices in the suburb averaged -3.64% per annum over a 3-year period.

MEDINDIE now ranks at the 22nd 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 MEDINDIE are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $690 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MEDINDIE, homes and units usually stay on listing for an average of 0.0 days.

In 2016, 14 properties were sold in MEDINDIE during the past year, making it the 403rd most active market in SA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,520,000 N/A
GROWTH REPORT
Median Quarterly 14.72% N/A
Median 12 month 32.17% N/A
Median 3 years -10.92% N/A
Median 5 years 16.7% N/A
10 years average annual 7.47% N/A
Weekly media advert. rent $690 N/A
Time on Market 0.0 days N/A
Gross Rental Yield Percent 2.36% N/A
demographics (median values)
Total Population
1129
Weekly Household Income
2346
Household Size
2.70
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