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 $296,000.
Profits due to an upward trend in home prices in the suburb averaged 2.74% per annum over a 3-year period.
EVANSTON now ranks at the 87th 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 80.5 days.
In 2016, 50 properties were sold in EVANSTON during the past year, making it the 13th most active market in SA based on total real estate transactions.
With the median home price in EVANSTON sitting at $156,000, and the average rent at $235, property owners could potentially earn a 7.83% increase in gross rental yield.
Property investors have seen a 1.96% gain in EVANSTON based on an increase in median home prices for the past three months.
The credit vs cash spending behaviour is...
Nice to see this article, telling us how...
Totally understand what your implying ....
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal