Property investments in MODBURY fare well against the rest of the country last year, registering a median home price increase of 4.17%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains MODBURY, 5092 saw average growth in the long term.
Real estate investors could earn a rental income of $337.5 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 58.7 days.
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 $375,000.
MODBURY ranks 95th on the list of best yielding suburbs for rental properties in SA, posting a 4.68% return.
MODBURY, 5092 ranks 245th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.67% for property investors last year.
Profits due to an upward trend in home prices in MODBURY, 5092 averaged 2.73% per annum over a 3-year period.
Average weekly rents on listings have reached the $280 mark, reflecting a 4.89% increase in returns based on the current median price in MODBURY.
An average of 2.08 real estate transactions take place per month in MODBURY which translates to 25 per annum.
25 properties were sold in MODBURY during the past year, making it the 77th most active market in SA based on total real estate transactions.
MODBURY, 5092 places 8th in Australia based on median property value growth during the quarter.
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