House Prices To Add Another 20% If Banks Don’t Slam The Brakes
Chatter about the possible introduction of macro-prudential controls to slow house price growth is increasing, while rep...
OLD NOARLUNGA, 5168 ranks 817th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.52% for property investors.
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 $420,250.
The upward trend in home prices in OLD NOARLUNGA, 5168 averaged 2.09% per annum over a 3-year period.
Average weekly rents on listings have reached the $342.5 mark, reflecting a 4.24% increase in returns based on the current median price in OLD NOARLUNGA.
An average of 1.5 real estate transactions take place per month in OLD NOARLUNGA which translates to 18 per annum.
18 properties were sold in OLD NOARLUNGA in 2016, making it the 337th most active market in SA based on total real estate transactions.
OLD NOARLUNGA, 5168 places 68th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.52%||N/A|
|Median 3 years||6.26%||N/A|
|Median 5 years||14.51%||N/A|
|10 years average annual||3.25%||N/A|
|Weekly media advert. rent||$342.5||N/A|
|Time on Market||65.5 days||N/A|
|Gross Rental Yield Percent||4.24%||N/A|