SPRINGTON, 5235 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling SPRINGTON, 5235 values up and netting property investors a capital gain of 30.03% for the past year.
Investors saw the median home price rise to $299,000.
Profits due to an upward trend in home prices in the suburb averaged 4.49% per annum over a 3-year period.
SPRINGTON now ranks at the 21st place on a list of fastest growing suburbs in the territory.
Because of this real estate investors could earn a rental income of $280 based on current median home prices.
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 0.0 days.
In 2016, 10 properties were sold in SPRINGTON during the past year, making it the 478th most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $299,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 12.83% | N/A |
| Median 12 month | 30.03% | N/A |
| Median 3 years | 13.47% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 7.58% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 4.87% | N/A |
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