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Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $396,055.
The upward trend in home prices in HAPPY VALLEY, 5159 averaged 0.96% per annum over a 3-year period.
Average weekly rents on listings have reached the $380 mark, reflecting a 4.99% increase in returns based on the current median price in HAPPY VALLEY.
An average of 14.17 real estate transactions take place per month in HAPPY VALLEY which translates to 170 per annum.
170 properties were sold in HAPPY VALLEY in 2016, making it the 347th most active market in SA based on total real estate transactions.
HAPPY VALLEY, 5159 places 217th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $396,055 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.27% | N/A |
| Median 12 month | -0.99% | N/A |
| Median 3 years | 2.87% | N/A |
| Median 5 years | 10.02% | N/A |
| 10 years average annual | 1.37% | N/A |
| Weekly media advert. rent | $380 | N/A |
| Time on Market | 55.2 days | N/A |
| Gross Rental Yield Percent | 4.99% | N/A |
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