House prices see largest price drop for last 7 years
A property institute has claimed house prices have seen their largest drop since December 2011, giving buyers the opportunity to add to thei...
Figures from the previous quarter show that capital gains for real estate buyers in GOOLWA are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $265 based on current median home prices for the suburb.
On average, rents on listings have reached the $265 mark, reflecting a 4.31% increase in returns based on the current median price in GOOLWA.
GOOLWA, 5214 ranks 256th in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 132nd on the list of best yielding suburbs for rental properties in SA, posting a 4.31% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $320,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.47% | N/A |
| Median 12 month | -4.48% | N/A |
| Median 3 years | 13.88% | N/A |
| Median 5 years | 12.28% | N/A |
| 10 years average annual | 2.28% | N/A |
| Weekly media advert. rent | $265 | N/A |
| Time on Market | 74.9 days | N/A |
| Gross Rental Yield Percent | 4.31% | N/A |
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