Nangwarry

NANGWARRY, 5277 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 $280,000.

Profits due to an upward trend in home prices in the suburb averaged 21.57% per annum over a 3-year period.

NANGWARRY now ranks at the 108th 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 NANGWARRY 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 NANGWARRY, homes and units usually stay on listing for an average of 49.7 days.

In 2016, 14 properties were sold in NANGWARRY during the past year, making it the 415th most active market in SA based on total real estate transactions.