Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
EVANSTON, 5116 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 $289,500.
Profits due to an upward trend in home prices in the suburb averaged 1.13% per annum over a 3-year period.
EVANSTON now ranks at the 349th 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 EVANSTON are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $300 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In EVANSTON, homes and units usually stay on listing for an average of 86.2 days.
In 2016, 52 properties were sold in EVANSTON during the past year, making it the 13th most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $289,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.5% | N/A |
| Median 12 month | -6.61% | N/A |
| Median 3 years | 3.39% | N/A |
| Median 5 years | 1.22% | N/A |
| 10 years average annual | 2.15% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 86.2 days | N/A |
| Gross Rental Yield Percent | 5.39% | N/A |
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