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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 $500,000.
The upward trend in home prices in RIDGEHAVEN, 5097 averaged 8.86% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 4.16% increase in returns based on the current median price in RIDGEHAVEN.
An average of 6.92 real estate transactions take place per month in RIDGEHAVEN which translates to 83 per annum.
83 properties were sold in RIDGEHAVEN in 2016, making it the 21st most active market in SA based on total real estate transactions.
RIDGEHAVEN, 5097 places 273rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.27%||-10.14%|
|Median 3 years||26.58%||3.33%|
|Median 5 years||51.06%||27.44%|
|10 years average annual||5.29%||3.42%|
|Weekly media advert. rent||$400||$322.5|
|Time on Market||48.7 days||34.0 days|
|Gross Rental Yield Percent||4.16%||5.41%|