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1 MIN READ4 Property Market Trends To Expect In 2022
The impacts of COVID-19 are expected to continue to sway the property market in the year ahead, even as the country’s ...
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SmithfieldSmithfield - SUBURB PROFILE REPORT
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SMITHFIELD, 5114 ranks 3021st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 29.95% 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 $236,500.
The upward trend in home prices in SMITHFIELD, 5114 averaged 10.46% per annum over a 3-year period.
Average weekly rents on listings have reached the $300 mark, reflecting a 6.6% increase in returns based on the current median price in SMITHFIELD.
An average of 4.83 real estate transactions take place per month in SMITHFIELD which translates to 58 per annum.
58 properties were sold in SMITHFIELD in 2016, making it the 158th most active market in SA based on total real estate transactions.
SMITHFIELD, 5114 places 89th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $236,500 | $215,000 |
| GROWTH REPORT | ||
| Median Quarterly | 7.5% | 2.38% |
| Median 12 month | 29.95% | N/A |
| Median 3 years | 31.39% | N/A |
| Median 5 years | 31.39% | N/A |
| 10 years average annual | 1.99% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 90.4 days | 0.0 days |
| Gross Rental Yield Percent | 6.6% | N/A |
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