Property investors enjoyed capital gains of 11.46% over the last 12 months in CRAFERS, translating to lower returns compared with its peers in SA.
A survey of average capital gains or median home price increase in suburbs across the country shows that the SA suburb obtained a 4.45% growth over a ten-year period. It ranks 1716th on our list of suburbs that property investors should look into.
CRAFERS, 5152 has a capital gain of 11.46% for the past year, which is higher than average compared to its 30.04% growth within a five-year period.
With the median home price in CRAFERS sitting at $780,250, and the average rent at $490, property owners could potentially earn a 3.27% increase in gross rental yield.
A 11.46% increase in median property prices in CRAFERS, 5152 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 84th.
Figures from the previous quarter show that capital gains for real estate buyers in CRAFERS are low, as opposed to average gains per annum over the past five years.
CRAFERS, 5152 in SA belongs to the local government area of Adelaide Hills.