ABERFOYLE PARK, 5159 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 ABERFOYLE PARK, 5159 values up and netting property investors a capital gain of 3.75% for the past year.
Investors saw the median home price rise to $415,000.
Profits due to an upward trend in home prices in the suburb averaged 1.69% per annum over a 3-year period.
ABERFOYLE PARK now ranks at the 188th 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 ABERFOYLE PARK 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 $360 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 ABERFOYLE PARK, homes and units usually stay on listing for an average of 61.6 days.
In 2016, 188 properties were sold in ABERFOYLE PARK during the past year, making it the 348th most active market in SA based on total real estate transactions.
ABERFOYLE PARK, 5159 has a capital gain of 21.05% for the past year, which is higher than average compared to its 20.15% growth within a five-year period.
ABERFOYLE PARK, 5159 ranks 154th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 21.05% for property investors last year.
Property investors have seen a 17.09% gain in ABERFOYLE PARK based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on ABERFOYLE PARK, 5159 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 21.05%.
A survey of average capital gains or median home price increase in suburbs across the country shows that ABERFOYLE PARK, 5159 obtained a 5.76% growth over a ten-year period. It ranks 580th on our list of suburbs that property investors should look into.