Based on its average 5-year and quarterly capital gains, the suburb saw average growth 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 $225,000.
The upward trend in home prices in PENOLA, 5277 averaged 11.58% per annum over a 3-year period.
Average weekly rents on listings have reached the $220 mark, reflecting a 5.08% increase in returns based on the current median price in PENOLA.
An average of 2.75 real estate transactions take place per month in PENOLA which translates to 33 per annum.
33 properties were sold in PENOLA in 2016, making it the 232nd most active market in SA based on total real estate transactions.
PENOLA, 5277 places 193rd in Australia based on median property value growth during the quarter.
When an industry person not from WA...
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