The Property Policies Both Major Parties Are Peddling
Today’s (21 May) the last day for Australians to vote in the federal election. Here, we’ll be recapping the major pr...
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.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|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|