Federal Election Results Revealed: What It Means For Investors
Australia has voted. Looking forward, here are the policies property purchasers, home owners, and investors can expect...
PARA HILLS WEST, 5096 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 PARA HILLS WEST, 5096 values up and netting property investors a capital gain of 18.08% for the past year.
Investors saw the median home price rise to $405,000.
Profits due to an upward trend in home prices in the suburb averaged 11.67% per annum over a 3-year period.
PARA HILLS WEST now ranks at the 207th 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 PARA HILLS WEST are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $350 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 PARA HILLS WEST, homes and units usually stay on listing for an average of 51.7 days.
In 2016, 53 properties were sold in PARA HILLS WEST during the past year, making it the 130th most active market in SA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||18.08%||8.83%|
|Median 3 years||35%||17.52%|
|Median 5 years||28.98%||N/A|
|10 years average annual||4.17%||4.94%|
|Weekly media advert. rent||$350||$295|
|Time on Market||51.7 days||44.3 days|
|Gross Rental Yield Percent||4.49%||5.79%|