Regions Continue To Outpace Cities – But Which Areas Are Topping The Profit Ladder?
Regional markets have continued their winning streak, with property values growing at twice the pace seen across the cap...
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 7.02% for the past year.
Investors saw the median home price rise to $352,000.
Profits due to an upward trend in home prices in the suburb averaged 5.39% per annum over a 3-year period.
PARA HILLS WEST now ranks at the 150th 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 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 $335 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 52.8 days.
In 2016, 36 properties were sold in PARA HILLS WEST during the past year, making it the 195th most active market in SA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.02%||N/A|
|Median 3 years||16.17%||N/A|
|Median 5 years||17.92%||N/A|
|10 years average annual||2.23%||N/A|
|Weekly media advert. rent||$335||N/A|
|Time on Market||52.8 days||N/A|
|Gross Rental Yield Percent||4.95%||N/A|