$3m-plus suburbs double during the pandemic as allure of luxury property grows
With more Australians racking up more savings than ever before and affordability improving across the real estate market, the allure of luxu...
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 $445,000.
Profits due to an upward trend in home prices in the suburb averaged 14.83% per annum over a 3-year period.
SPRINGTON now ranks at the 28th place on a list of fastest growing suburbs in the territory.
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 133.4 days.
In 2016, 15 properties were sold in SPRINGTON during the past year, making it the 378th most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $445,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 11.04% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | 44.48% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 27.29% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 133.4 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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