Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
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 $240,000.
Average weekly rents on listings have reached the $230 mark, reflecting a 4.98% increase in returns based on the current median price in PENOLA.
An average of 2.83 real estate transactions take place per month in PENOLA which translates to 34 per annum.
34 properties were sold in PENOLA in 2016, making it the 209th most active market in SA based on total real estate transactions.
PENOLA, 5277 places 4th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $240,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 21.52% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | 46.34% | N/A |
| 10 years average annual | N/A | N/A |
| Weekly media advert. rent | $230 | N/A |
| Time on Market | 140.1 days | N/A |
| Gross Rental Yield Percent | 4.98% | N/A |
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
As strata communities deal with a double dose of the coronavirus (COVID-19) pandemic impact, how can investors make sure to stay afloat in t...
Amid uncertainties brought about by the ongoing health crisis, rental property owners are advised to be more cautious to avoid significant l...
Property prices grew over the last quarter of 2019, the latest ABS data reveals, spurring a record-high improvement in household wealth. ...
States and territories will be placing a moratorium on evictions of persons as a result of financial distress very soon, but yesterday’s a...
La Trobe Financial has announced it anticipates a “strong and sharp” rebound for the housing market, as well as for employment condition...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
