Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
Property investors enjoyed capital gains of 6.06% over the last 12 months in DAVOREN PARK, translating to lower returns compared with its peers in SA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a -1.07% decrease over a ten-year period. It ranks 4139th on our list of suburbs that property investors should look into.
DAVOREN PARK, 5113 has a capital gain of 6.06% for the past year, which is higher than average compared to its 0% growth within a five-year period.
With the median home price in DAVOREN PARK sitting at $175,000, and the average rent at $255, property owners could potentially earn a 7.58% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in DAVOREN PARK are high, as opposed to average gains per annum over the past five years.
DAVOREN PARK, 5113 in SA belongs to the local government area of Playford (C).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $175,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.94% | N/A |
| Median 12 month | 6.06% | N/A |
| Median 3 years | 0% | N/A |
| Median 5 years | 0% | N/A |
| 10 years average annual | -1.07% | N/A |
| Weekly media advert. rent | $255 | N/A |
| Time on Market | 75.7 days | N/A |
| Gross Rental Yield Percent | 7.58% | N/A |
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