Springton

SPRINGTON, 5235 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 $382,000.

Profits due to an upward trend in home prices in the suburb averaged 4.12% per annum over a 3-year period.

SPRINGTON 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 SPRINGTON are high, as opposed to average gains per annum over the past five years.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In SPRINGTON, homes and units usually stay on listing for an average of 95.3 days.

In 2016, 20 properties were sold in SPRINGTON during the past year, making it the 344th most active market in SA based on total real estate transactions.