Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
MURRAY BRIDGE EAST, 5253 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 $239,000.
Profits due to an downward trend in home prices in the suburb averaged -6.95% per annum over a 3-year period.
MURRAY BRIDGE EAST now ranks at the 314th 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 $250 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 74.3 days.
In 2016, 19 properties were sold in MURRAY BRIDGE EAST during the past year, making it the 339th most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $239,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -2.05% | N/A |
| Median 12 month | -30.22% | N/A |
| Median 3 years | -20.86% | N/A |
| Median 5 years | 14.49% | N/A |
| 10 years average annual | -0.04% | N/A |
| Weekly media advert. rent | $250 | N/A |
| Time on Market | 74.3 days | N/A |
| Gross Rental Yield Percent | 5.44% | N/A |
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