How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
SEAFORD MEADOWS, 5169 ranks 2147th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 1.37% 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 $370,000.
The downward trend in home prices in SEAFORD MEADOWS, 5169 averaged -1.55% per annum over a 3-year period.
Average weekly rents on listings have reached the $360 mark, reflecting a 5.06% increase in returns based on the current median price in SEAFORD MEADOWS.
An average of 10.58 real estate transactions take place per month in SEAFORD MEADOWS which translates to 127 per annum.
127 properties were sold in SEAFORD MEADOWS in 2016, making it the 426th most active market in SA based on total real estate transactions.
SEAFORD MEADOWS, 5169 places 150th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $370,000 | $315,000 |
| GROWTH REPORT | ||
| Median Quarterly | 2.07% | N/A |
| Median 12 month | 1.37% | N/A |
| Median 3 years | -4.64% | 12.9% |
| Median 5 years | -2.64% | N/A |
| 10 years average annual | 0.65% | 7.35% |
| Weekly media advert. rent | $360 | $325 |
| Time on Market | 101.5 days | 0.0 days |
| Gross Rental Yield Percent | 5.06% | 5.37% |
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