Powered by MOMENTUM MEDIA
AREA REPORTS

Solomontown

Suburb Profile

Solomontown - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5540

house

Property investors have seen a -0.48% drop in SOLOMONTOWN based on a decrease in median home prices for the past three months.

Homeowners and real estate investors betting on SOLOMONTOWN, 5540 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 12.43%.

Based on its average 5-year and quarterly capital gains SOLOMONTOWN, 5540 saw average decrease in the long term.

The SA 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 $104,000

Profits averaged -5.03% per annum over a 3-year period, due to an downward trend in home prices in SOLOMONTOWN, 5540.

This means, real estate investors could earn a rental income of $192.5 based on current median home prices for the suburb.

The gross rental yield in SOLOMONTOWN, 5540 is 9.63%.

An average of 1.58 real estate transactions take place per month in SOLOMONTOWN which translates to 19 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $104,000 N/A
GROWTH REPORT
Median Quarterly -0.48% N/A
Median 12 month 12.43% N/A
Median 3 years -15.1% N/A
Median 5 years -15.1% N/A
10 years average annual -2.83% N/A
Weekly media advert. rent $192.5 N/A
Time on Market 153.8 days N/A
Gross Rental Yield Percent 9.63% N/A
demographics (median values)
Total Population
1241
Weekly Household Income
541.4
Household Size
2.30
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Falling loan deferrals prove market recovery: REIA

Falling loan deferrals prove market recovery: REIA

The reduction in loan deferral defies doom and gloom forecasts in the property market, the Real Estate Industry of Australia has said. ...

Stamp duty change could increase real estate prices in NSW

Stamp duty change could increase real estate prices in NSW

Experts have warned that the NSW government’s proposed $25,000 new property tax system might drive up house prices. ...

Perth vacancy rate pushes closer to 40-year low

Perth vacancy rate pushes closer to 40-year low

The residential vacancy rate across Perth declined slightly in October, coinciding with a drop in new investment financing. ...

Over 2k homes to be auctioned off in capital cities

Over 2k homes to be auctioned off in capital cities

Scheduled auction volumes are expected to surge above 2,000 for the first time since April, CoreLogic has found. ...

Why didn’t the Australian property market crash

Why didn’t the Australian property market crash?

Doom and gloom headlines filled the news as soon as COVID-19 outbreak began, and Australia ultimately headed to its first recession in over ...

INVESTING INSIGHTS WITH RIGHT PROPERTY GROUP: Property strategy and opportunities with a discussion about buying over 2,000 properties in the GFC

INVESTING INSIGHTS WITH RIGHT PROPERTY GROUP: Property strategy and opportunities with a discussion on buying over 2,000 properties in the GFC

In this episode of Investing Insights with Right Property Group, Steve Waters, Victor Kumar and Phil Tarrant discuss buying in the GFC, prop...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.