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Medindie
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 22.04% for the past year.

Investors saw the median home price rise to $1,855,000.

MEDINDIE now ranks at the 194th 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $900 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 87.2 days.

In 2016, 18 properties were sold in MEDINDIE during the past year, making it the 366th most active market in SA based on total real estate transactions.

Data report can be found below

Medindie
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,855,000 N/A
GROWTH REPORT
Median Quarterly 7.23% N/A
Median 12 month 22.04% N/A
Median 3 years N/A N/A
Median 5 years 46.64% N/A
10 years average annual 9.43% N/A
Weekly media advert. rent $900 N/A
Time on Market 87.2 days N/A
Gross Rental Yield Percent 2.52% N/A
demographics (median values)*
Total Population
9279
Weekly Household Income
1675
Household Size
2.30
Age
43
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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