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Renmark
AREA REPORTS

Renmark

Renmark - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5341

house

Based on its average 5-year and quarterly capital gains RENMARK, 5341 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that RENMARK, 5341 obtained a 5.54% growth over a ten-year period. It ranks 1111th on our list of suburbs that property investors should look into.

RENMARK, 5341 in SA belongs to the local government area of Renmark Paringa (DC).

RENMARK, 5341 has a capital gain of 15.22% for the past year, which is higher than average compared to its 27.71% growth within a five-year period.

With the median home price in RENMARK sitting at $265,000, and the average rent at $272.5, property owners could potentially earn a 5.35% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in RENMARK are high, as opposed to average gains per annum over the past five years.

A 15.22% increase in median property prices in RENMARK, 5341 has allowed this suburb to join the ranks of best performing suburbs in SA, settling at number 39th.

Data report can be found below

Renmark
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $265,000 N/A
GROWTH REPORT
Median Quarterly 6% N/A
Median 12 month 15.22% N/A
Median 3 years 21.56% N/A
Median 5 years 27.71% N/A
10 years average annual 5.54% N/A
Weekly media advert. rent $272.5 N/A
Time on Market 93.8 days N/A
Gross Rental Yield Percent 5.35% N/A
demographics (median values)*
Total Population
7665
Weekly Household Income
1003
Household Size
2.40
Age
43
Monthly Loan Repayment
1081
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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