Property investors have seen a -8.08% drop in SOLOMONTOWN based on a decrease in median home prices for the past three months.
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 $113,750
Profits averaged -0.36% 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 $210 based on current median home prices for the suburb.
The gross rental yield in SOLOMONTOWN, 5540 is 9.6%.
An average of 2 real estate transactions take place per month in SOLOMONTOWN which translates to 24 per annum.
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