Based on its average 5-year and quarterly capital gains, the suburb saw average decrease in the long term.
The suburb also 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 $262,000.
The downward trend in home prices in RIVERGLADES, 5253 averaged -2.58% per annum over a 3-year period.
Average weekly rents on listings have reached the $250 mark, reflecting a 4.96% increase in returns based on the current median price in RIVERGLADES.
An average of 0.92 real estate transactions take place per month in RIVERGLADES which translates to 11 per annum.
11 properties were sold in RIVERGLADES in 2016, making it the 457th most active market in SA based on total real estate transactions.
RIVERGLADES, 5253 places 271st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-16.16%||N/A|
|Median 3 years||-7.75%||N/A|
|Median 5 years||-6.43%||N/A|
|10 years average annual||1.01%||N/A|
|Weekly media advert. rent||$250||N/A|
|Time on Market||204.4 days||N/A|
|Gross Rental Yield Percent||4.96%||N/A|