VIRGINIA, 5120 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling VIRGINIA, 5120 values up and netting property investors a capital gain of 0.02% for the past year.
Investors saw the median home price rise to $810,125.
Profits due to an upward trend in home prices in the suburb averaged 8.05% per annum over a 3-year period.
VIRGINIA now ranks at the 239th 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 VIRGINIA 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 $630 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 VIRGINIA, homes and units usually stay on listing for an average of 65.8 days.
In 2016, 110 properties were sold in VIRGINIA during the past year, making it the 467th most active market in SA based on total real estate transactions.
VIRGINIA ranks 162nd in SA when it comes to estimated capital gains experienced by property investors over the past three years.
VIRGINIA, 5120 has a capital gain of 0% for the past year, which is average compared to its 0% growth within a five-year period.
With the median home price in VIRGINIA sitting at $627,000, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.
Property investors have seen a 0.48% gain in VIRGINIA based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that VIRGINIA, 5120 obtained a 0% decrease over a ten-year period. It ranks 1916th on our list of suburbs that property investors should look into.