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 $300,000.
Profits due to an upward trend in home prices in the suburb averaged 3.03% per annum over a 3-year period.
EVANSTON now ranks at the 224th 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 65.8 days.
In 2016, 49 properties were sold in EVANSTON during the past year, making it the 17th most active market in SA based on total real estate transactions.
With the median home price in EVANSTON sitting at $153,000, and the average rent at $235, property owners could potentially earn a 7.99% increase in gross rental yield.
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