GILLES PLAINS, 5086 delivered a weaker 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 GILLES PLAINS, 5086 values up and netting property investors a capital gain of 0.19% for the past year.
Investors saw the median home price rise to $390,750.
Profits due to an upward trend in home prices in the suburb averaged 4.98% per annum over a 3-year period.
GILLES PLAINS now ranks at the 184th 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 GILLES PLAINS 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 $360 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 GILLES PLAINS, homes and units usually stay on listing for an average of 65.0 days.
In 2016, 59 properties were sold in GILLES PLAINS during the past year, making it the 96th most active market in SA based on total real estate transactions.
With the median home price in GILLES PLAINS sitting at $359,250, and the average rent at $294, property owners could potentially earn a 4.26% increase in gross rental yield.
Property investors have seen a 10.54% gain in GILLES PLAINS based on an increase in median home prices for the past three months.
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