REDBANK PLAINS 
2 MIN READThe Property Policies Both Major Parties Are Peddling
Today’s (21 May) the last day for Australians to vote in the federal election. Here, we’ll be recapping the major pr...
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SmithfieldSmithfield - SUBURB PROFILE REPORT
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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 $295,000.
The upward trend in home prices in SMITHFIELD, 5114 averaged 8.51% per annum over a 3-year period.
Average weekly rents on listings have reached the $310 mark, reflecting a 5.46% increase in returns based on the current median price in SMITHFIELD.
An average of 4.08 real estate transactions take place per month in SMITHFIELD which translates to 49 per annum.
49 properties were sold in SMITHFIELD in 2016, making it the 72nd most active market in SA based on total real estate transactions.
SMITHFIELD, 5114 places 218th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $295,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.55% | N/A |
| Median 12 month | 16.14% | N/A |
| Median 3 years | 25.53% | N/A |
| Median 5 years | 18% | N/A |
| 10 years average annual | 2.48% | N/A |
| Weekly media advert. rent | $310 | N/A |
| Time on Market | 53.1 days | N/A |
| Gross Rental Yield Percent | 5.46% | N/A |
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