Murray Bridge East

MURRAY BRIDGE EAST, 5253 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 MURRAY BRIDGE EAST, 5253 values up and netting property investors a capital gain of 43.5% for the past year.

Investors saw the median home price rise to $800,000.

Profits due to an upward trend in home prices in the suburb averaged 26.28% per annum over a 3-year period.

MURRAY BRIDGE EAST now ranks at the th 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 MURRAY BRIDGE EAST are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of N/A 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 MURRAY BRIDGE EAST, homes and units usually stay on listing for an average of 70.9 days.

In 2016, 21 properties were sold in MURRAY BRIDGE EAST during the past year, making it the 311th most active market in SA based on total real estate transactions.