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 $380,000.
The upward trend in home prices in HAPPY VALLEY, 5159 averaged 1.85% per annum over a 3-year period.
Average weekly rents on listings have reached the $357.5 mark, reflecting a 4.89% increase in returns based on the current median price in HAPPY VALLEY.
An average of 15.08 real estate transactions take place per month in HAPPY VALLEY which translates to 181 per annum.
181 properties were sold in HAPPY VALLEY in 2016, making it the 356th most active market in SA based on total real estate transactions.
HAPPY VALLEY, 5159 places 241st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-0.78%||N/A|
|Median 3 years||5.56%||N/A|
|Median 5 years||8.57%||N/A|
|10 years average annual||3.54%||N/A|
|Weekly media advert. rent||$357.5||N/A|
|Time on Market||58.1 days||N/A|
|Gross Rental Yield Percent||4.89%||N/A|