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 3.79% growth over a ten-year period. It ranks 2006th 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 18.37% for the past year, which is higher than average compared to its 17.57% growth within a five-year period.
With the median home price in RENMARK sitting at $217,500, and the average rent at $260, property owners could potentially earn a 6.22% 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 18.37% 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 38th.
Property investors enjoyed capital gains of 5.8% over the last 12 months in RENMARK, translating to lower returns compared with its peers in SA.
RENMARK, 5341 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 $182,500.
Profits due to an upward trend in home prices in RENMARK, 5341 averaged 30.7% per annum over a 3-year period.
Home owners selling their properties and realtors in RENMARK usually have to wait an average of 88.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $180 mark, reflecting a 5.13% increase in returns based on the current median price in RENMARK.
RENMARK, 5341 places 103rd in Australia based on median property value growth during the quarter.