Perth recovery takes COVID-19 hit
While signs were pointing to the start of a housing market recovery for Perth earlier this year, the knock-on effects of COVID-19 have impac...
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SEAFORD, 5169 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 $342,500.
Profits due to an downward trend in home prices in the suburb averaged -0.24% per annum over a 3-year period.
SEAFORD now ranks at the 105th 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 SEAFORD 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 $347.5 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 SEAFORD, homes and units usually stay on listing for an average of 61.4 days.
In 2016, 62 properties were sold in SEAFORD during the past year, making it the 5th most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $342,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.7% | N/A |
| Median 12 month | -11.5% | N/A |
| Median 3 years | -0.72% | N/A |
| Median 5 years | 2.24% | N/A |
| 10 years average annual | 0.94% | N/A |
| Weekly media advert. rent | $347.5 | N/A |
| Time on Market | 61.4 days | N/A |
| Gross Rental Yield Percent | 5.28% | N/A |
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