Migration cut plans set to impact property market
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Based on its average 5-year and quarterly capital gains, the suburb saw average decrease in the long term.
The suburb also 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 $285,000.
The upward trend in home prices in PORT BROUGHTON, 5522 averaged 2.86% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in PORT BROUGHTON.
An average of 1.33 real estate transactions take place per month in PORT BROUGHTON which translates to 16 per annum.
16 properties were sold in PORT BROUGHTON in 2016, making it the 380th most active market in SA based on total real estate transactions.
PORT BROUGHTON, 5522 places 369th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $285,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -5% | N/A |
| Median 12 month | -4.52% | N/A |
| Median 3 years | 8.57% | N/A |
| Median 5 years | -3.39% | N/A |
| 10 years average annual | 2.86% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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