Wasleys

WASLEYS, 5400 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 WASLEYS, 5400 values up and netting property investors a capital gain of 13.78% for the past year.

Investors saw the median home price rise to $805,000.

Profits due to an upward trend in home prices in the suburb averaged 25.97% per annum over a 3-year period.

WASLEYS now ranks at the 377th 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 WASLEYS are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of N/A based on current median home prices.

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

In 2016, 12 properties were sold in WASLEYS during the past year, making it the 451st most active market in SA based on total real estate transactions.