RIDGEHAVEN, 5097 ranks 2290th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 8.15% for property investors.
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 $796,500.
The upward trend in home prices in RIDGEHAVEN, 5097 averaged 12.84% per annum over a 3-year period.
Average weekly rents on listings have reached the $585 mark, reflecting a 3.82% increase in returns based on the current median price in RIDGEHAVEN.
An average of 6.42 real estate transactions take place per month in RIDGEHAVEN which translates to 77 per annum.
77 properties were sold in RIDGEHAVEN in 2016, making it the 39th most active market in SA based on total real estate transactions.
RIDGEHAVEN, 5097 places 223rd in Australia based on median property value growth during the quarter.
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 $639,000.
Average median unit prices in SA have risen as a whole, pulling RIDGEHAVEN, 5097 values up and netting property investors a capital gain of 25.29% for the past year.
Investors saw the median home price rise to $639,000.
The upward trend in home prices in RIDGEHAVEN, 5097 averaged 24.23% per annum over a 3-year period.
RIDGEHAVEN now ranks at the 8th 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 RIDGEHAVEN are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In RIDGEHAVEN, homes and units usually stay on listing for an average of 27.2 days.
35 properties were sold in RIDGEHAVEN in 2016, making it the 38th most active market in SA based on total real estate transactions.