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Solomontown

Suburb Profile

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

house

Property investors have seen a 7.73% 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 14.52%.

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 $104,500

Profits averaged -2.02% 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 $187.5 based on current median home prices for the suburb.

The gross rental yield in SOLOMONTOWN, 5540 is 9.33%.

An average of 1.67 real estate transactions take place per month in SOLOMONTOWN which translates to 20 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $104,500 N/A
GROWTH REPORT
Median Quarterly 7.73% N/A
Median 12 month 14.52% N/A
Median 3 years -6.07% N/A
Median 5 years -7.11% N/A
10 years average annual -1.27% N/A
Weekly media advert. rent $187.5 N/A
Time on Market 136.3 days N/A
Gross Rental Yield Percent 9.33% N/A
demographics (median values)
Total Population
1241
Weekly Household Income
541.4
Household Size
2.30
demographics
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