When will house prices rise? A new report reveals all
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HUNTFIELD HEIGHTS, 5163 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 $282,500.
Profits due to an upward trend in home prices in the suburb averaged 4.03% per annum over a 3-year period.
HUNTFIELD HEIGHTS now ranks at the 255th 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 HUNTFIELD HEIGHTS 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 $312.5 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 HUNTFIELD HEIGHTS, homes and units usually stay on listing for an average of 60.5 days.
In 2016, 61 properties were sold in HUNTFIELD HEIGHTS during the past year, making it the 85th most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $282,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.53% | N/A |
| Median 12 month | -2.59% | N/A |
| Median 3 years | 12.1% | N/A |
| Median 5 years | 8.13% | N/A |
| 10 years average annual | 1.23% | N/A |
| Weekly media advert. rent | $312.5 | N/A |
| Time on Market | 60.5 days | N/A |
| Gross Rental Yield Percent | 5.75% | N/A |
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