Beachport

BEACHPORT, 5280 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in SA have risen as a whole, pulling BEACHPORT, 5280 values up and netting property investors a capital gain of 22.61% for the past year.

Investors saw the median home price rise to $352,500.

Profits due to an upward trend in home prices in the suburb averaged 9.39% per annum over a 3-year period.

BEACHPORT now ranks at the 123rd 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 BEACHPORT are low, as opposed to average gains per annum over the past five years.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In BEACHPORT, homes and units usually stay on listing for an average of 179.1 days.

In 2016, 26 properties were sold in BEACHPORT during the past year, making it the 272nd most active market in SA based on total real estate transactions.