Ovingham

POSTAL CODE: SA, 5082

HOUSE

UNIT

Property investments in OVINGHAM fare well against the rest of the country last year, registering a median home price increase of 27.5%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains OVINGHAM, 5082 saw average growth in the long term.

Real estate investors could earn a rental income of $735 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of N/A.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $1,020,000.

OVINGHAM ranks 164th on the list of best yielding suburbs for rental properties in SA, posting a 3.75% return.

Based on its average 5-year and quarterly capital gains OVINGHAM, 5082 saw average growth in the long term.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Profits due to an upward trend in home prices in OVINGHAM, 5082 averaged 15.63% per annum over a 3-year period.

Average weekly rents on listings have reached the $490 mark, reflecting a 5.42% increase in returns based on the current median price in OVINGHAM.

An average of 0.83 real estate transactions take place per month in OVINGHAM which translates to 10 per annum.

10 properties were sold in OVINGHAM during the past year, making it the 160th most active market in SA based on total real estate transactions.

OVINGHAM, 5082 places th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,020,000	$470,000
Growth Report
Median Quarterly	8.51%	0%
Median 12 month	27.5%	0%
Median 3 years	0%	46.88%
Median 5 years	0%	0%
10 years average annual	27.5%	0%
Weekly media advert. rent	$735	$490
Time on Market	N/A	N/A
Gross Rental Yield Percent	3.75%	5.42%

Demographics (Median Values)*

Total Population 14930

Weekly Household Income 1571

Household Size 2.50

Average Age 37

Monthly Loan Repayment 1907

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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