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AREA REPORTS

Ridgehaven

Suburb Profile

Ridgehaven - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5097

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $412,000.

The upward trend in home prices in RIDGEHAVEN, 5097 averaged 8.54% per annum over a 3-year period.

Average weekly rents on listings have reached the $360 mark, reflecting a 4.54% increase in returns based on the current median price in RIDGEHAVEN.

An average of 4.5 real estate transactions take place per month in RIDGEHAVEN which translates to 54 per annum.

54 properties were sold in RIDGEHAVEN in 2016, making it the 101st most active market in SA based on total real estate transactions.

RIDGEHAVEN, 5097 places 101st in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $412,000 $242,500
GROWTH REPORT
Median Quarterly 3% -5.64%
Median 12 month 7.43% -9.85%
Median 3 years 25.61% -1.82%
Median 5 years 26.77% -1.02%
10 years average annual 2.77% -1.06%
Weekly media advert. rent $360 $305
Time on Market 45.8 days 0.0 days
Gross Rental Yield Percent 4.54% 6.54%
demographics (median values)
Total Population
3718
Weekly Household Income
777.8
Household Size
2.30
demographics
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