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Solomontown
AREA REPORTS

Solomontown

Solomontown - SUBURB PROFILE REPORT
POSTAL CODE: SA, 5540

house

Property investors have seen a 10.89% gain in SOLOMONTOWN based on an increase 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 27.27%.

Based on its average 5-year and quarterly capital gains SOLOMONTOWN, 5540 saw average growth 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 $140,000

Profits averaged 43.8% per annum over a 3-year period, due to an upward trend in home prices in SOLOMONTOWN, 5540.

This means, real estate investors could earn a rental income of $215 based on current median home prices for the suburb.

The gross rental yield in SOLOMONTOWN, 5540 is 7.99%.

An average of 3.58 real estate transactions take place per month in SOLOMONTOWN which translates to 43 per annum.

Data report can be found below

Solomontown
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $140,000 N/A
GROWTH REPORT
Median Quarterly 10.89% N/A
Median 12 month 27.27% N/A
Median 3 years 131.4% N/A
Median 5 years 6.06% N/A
10 years average annual 3.4% N/A
Weekly media advert. rent $215 N/A
Time on Market 88.7 days N/A
Gross Rental Yield Percent 7.99% N/A
demographics (median values)*
Total Population
15343
Weekly Household Income
893
Household Size
2.30
Age
43
Monthly Loan Repayment
1018
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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