Why commercial is the new residential
Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...
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 4.34% growth over a ten-year period. It ranks 1867th 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 14.37% for the past year, which is higher than average compared to its 24.38% growth within a five-year period.
With the median home price in RENMARK sitting at $248,750, and the average rent at $260, property owners could potentially earn a 5.44% 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.
A 14.37% 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 48th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $248,750 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 4.52% | N/A |
| Median 12 month | 14.37% | N/A |
| Median 3 years | 17.06% | N/A |
| Median 5 years | 24.38% | N/A |
| 10 years average annual | 4.34% | N/A |
| Weekly media advert. rent | $260 | N/A |
| Time on Market | 96.5 days | N/A |
| Gross Rental Yield Percent | 5.44% | N/A |
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