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 $830,250.
The upward trend in home prices in SEAFORD MEADOWS, 5169 averaged 13.69% per annum over a 3-year period.
Average weekly rents on listings have reached the $620 mark, reflecting a 3.88% increase in returns based on the current median price in SEAFORD MEADOWS.
An average of 7.5 real estate transactions take place per month in SEAFORD MEADOWS which translates to 90 per annum.
90 properties were sold in SEAFORD MEADOWS in 2016, making it the 12th most active market in SA based on total real estate transactions.
SEAFORD MEADOWS, 5169 places 241st 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 $555,000.
Average median unit prices in SA have risen as a whole, pulling SEAFORD MEADOWS, 5169 values up and netting property investors a capital gain of 3.45% for the past year.
Investors saw the median home price rise to $555,000.
The upward trend in home prices in SEAFORD MEADOWS, 5169 averaged 6.03% per annum over a 3-year period.
SEAFORD MEADOWS now ranks at the th 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 $530 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 24.7 days.
17 properties were sold in SEAFORD MEADOWS in 2016, making it the 91st most active market in SA based on total real estate transactions.