‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
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 4.06% growth over a ten-year period. It ranks 1893rd on our list of suburbs that property investors should look into.
RENMARK, 5341 in SA belongs to the local government area of Renmark Paringa.
RENMARK, 5341 has a capital gain of -0.69% for the past year, which is lower than average compared to its 21.13% growth within a five-year period.
With the median home price in RENMARK sitting at $215,000, and the average rent at $270, property owners could potentially earn a 6.53% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in RENMARK are low, as opposed to average gains per annum over the past five years.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $215,000 | $130,000 |
| GROWTH REPORT | ||
| Median Quarterly | -1.15% | -28.77% |
| Median 12 month | -0.69% | -30.48% |
| Median 3 years | 8.86% | -14.75% |
| Median 5 years | 21.13% | N/A |
| 10 years average annual | 4.06% | 25% |
| Weekly media advert. rent | $270 | $180 |
| Time on Market | 132.3 days | 83.5 days |
| Gross Rental Yield Percent | 6.53% | 7.2% |
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