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Smithfield Plains
AREA REPORTS

Smithfield Plains

Smithfield Plains - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5114

house

Property investments in SMITHFIELD PLAINS fare well against the rest of the country last year, registering a median home price increase of 24.76%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains SMITHFIELD PLAINS, 5114 saw average growth in the long term.

Real estate investors could earn a rental income of $310 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 41.4 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $262,000.

SMITHFIELD PLAINS ranks 27th on the list of best yielding suburbs for rental properties in SA, posting a 6.15% return.

Data report can be found below

Smithfield Plains
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $262,000 N/A
GROWTH REPORT
Median Quarterly 6.4% N/A
Median 12 month 24.76% N/A
Median 3 years 31% N/A
Median 5 years 45.56% N/A
10 years average annual 3.1% N/A
Weekly media advert. rent $310 N/A
Time on Market 41.4 days N/A
Gross Rental Yield Percent 6.15% N/A
demographics (median values)*
Total Population
33959
Weekly Household Income
1252
Household Size
2.80
Age
31
Monthly Loan Repayment
1386
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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