How to pay off your mortgage in 10 years
Investors looking to get out of debt sooner and start creating wealth for themselves have been advised that they can pay off their home loan...
PENOLA, 5277 ranks 3rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 48.61% for property investors.
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 $240,000.
The upward trend in home prices in PENOLA, 5277 averaged 5.88% per annum over a 3-year period.
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 2.92 real estate transactions take place per month in PENOLA which translates to 35 per annum.
35 properties were sold in PENOLA in 2016, making it the 216th 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 | 48.61% | N/A |
| Median 3 years | 17.65% | N/A |
| Median 5 years | 48.15% | N/A |
| 10 years average annual | 6.97% | N/A |
| Weekly media advert. rent | $230 | N/A |
| Time on Market | 139.5 days | N/A |
| Gross Rental Yield Percent | 4.98% | N/A |
Investors looking to get out of debt sooner and start creating wealth for themselves have been advised that they can pay off their home loan...
Distressed property listings are well renowned for giving lucky buyers a better deal – so what exactly are they, and where are they most ...
From 23 March, new legislation will make it easier for NSW tenants to make “minor” changes to a property. Here’s how it’ll affect yo...
If you’ve ever considered investing across the ditch, there are 10 areas that have delivered returns of at least 25 per cent in the last 1...
An under-the-radar suburb in a heating up Brisbane market has been tipped to be the next hotspot for real estate investors, according to ind...
Poor construction undertaken recently is set to create a 10-year backlog of litigation claims, according to a local lawyer. ...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
