Property investors have seen a 4.44% gain in SOLOMONTOWN based on an increase in median home prices for the past three months.
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 $117,500
Profits averaged 0.29% 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 $205 based on current median home prices for the suburb.
The gross rental yield in SOLOMONTOWN, 5540 is 9.07%.
An average of 1.5 real estate transactions take place per month in SOLOMONTOWN which translates to 18 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-27.47%||N/A|
|Median 3 years||0.86%||N/A|
|Median 5 years||-31.88%||N/A|
|10 years average annual||2.8%||N/A|
|Weekly media advert. rent||$205||N/A|
|Time on Market||127.3 days||N/A|
|Gross Rental Yield Percent||9.07%||N/A|