Property investors enjoyed capital gains of 12.07% over the last 12 months in QUORN, translating to lower returns compared with its peers in SA.
Figures from the previous quarter show that capital gains for real estate buyers in QUORN are high, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $220 based on current median home prices for the suburb.
On average, rents on listings have reached the $220 mark, reflecting a 7.04% increase in returns based on the current median price in QUORN.
QUORN, 5433 ranks 81st in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 14th on the list of best yielding suburbs for rental properties in SA, posting a 7.04% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.07%||N/A|
|Median 3 years||-1.22%||N/A|
|Median 5 years||1.25%||N/A|
|10 years average annual||2.56%||N/A|
|Weekly media advert. rent||$220||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||7.04%||N/A|