Property investors enjoyed capital gains of 4.41% over the last 12 months in POORAKA, translating to lower returns compared with its peers in SA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 3.86% growth over a ten-year period. It ranks 2177th on our list of suburbs that property investors should look into.
POORAKA, 5095 has a capital gain of 4.41% for the past year, which is higher than average compared to its 11.99% growth within a five-year period.
With the median home price in POORAKA sitting at $355,000, and the average rent at $335, property owners could potentially earn a 4.91% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in POORAKA are low, as opposed to average gains per annum over the past five years.
POORAKA, 5095 in SA belongs to the local government area of Salisbury.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||4.41%||-10.32%|
|Median 3 years||9.57%||8.16%|
|Median 5 years||11.99%||20.45%|
|10 years average annual||3.86%||4.83%|
|Weekly media advert. rent||$335||$285|
|Time on Market||62.6 days||85.3 days|
|Gross Rental Yield Percent||4.91%||5.59%|