SEAFORD MEADOWS, 5169 ranks 1122nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 14.24% 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 $786,250.
The upward trend in home prices in SEAFORD MEADOWS, 5169 averaged 13.47% per annum over a 3-year period.
Average weekly rents on listings have reached the $600 mark, reflecting a 3.97% increase in returns based on the current median price in SEAFORD MEADOWS.
An average of 8.17 real estate transactions take place per month in SEAFORD MEADOWS which translates to 98 per annum.
98 properties were sold in SEAFORD MEADOWS in 2016, making it the 5th most active market in SA based on total real estate transactions.
SEAFORD MEADOWS, 5169 places 293rd in Australia based on median property value growth during the quarter.
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 $520,500.
Investors saw the median home price rise to $520,500.
The upward trend in home prices in SEAFORD MEADOWS, 5169 averaged 18.46% per annum over a 3-year period.
SEAFORD MEADOWS now ranks at the 109th 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 MEADOWS are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $540 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In SEAFORD MEADOWS, homes and units usually stay on listing for an average of N/A.
13 properties were sold in SEAFORD MEADOWS in 2016, making it the 130th most active market in SA based on total real estate transactions.