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 $354,750.
The upward trend in home prices in CHRISTIES BEACH, 5165 averaged 2.5% per annum over a 3-year period.
Average weekly rents on listings have reached the $317.5 mark, reflecting a 4.65% increase in returns based on the current median price in CHRISTIES BEACH.
An average of 10 real estate transactions take place per month in CHRISTIES BEACH which translates to 120 per annum.
120 properties were sold in CHRISTIES BEACH in 2016, making it the 436th most active market in SA based on total real estate transactions.
CHRISTIES BEACH, 5165 places 239th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.83%||-0.56%|
|Median 3 years||7.5%||31.78%|
|Median 5 years||14.9%||3.68%|
|10 years average annual||2.87%||7.47%|
|Weekly media advert. rent||$317.5||$290|
|Time on Market||71.6 days||104.4 days|
|Gross Rental Yield Percent||4.65%||4.28%|