Migration cut plans set to impact property market
Top property industry bosses hold opposing views to the Prime Minister’s recently announced plan to reduce Australia’s migration intak...
The 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 $273,500.
The upward trend in home prices in ARDROSSAN, 5571 averaged 1.07% per annum over a 3-year period.
Average weekly rents on listings have reached the $250 mark, reflecting a 4.75% increase in returns based on the current median price in ARDROSSAN.
An average of 2 real estate transactions take place per month in ARDROSSAN which translates to 24 per annum.
24 properties were sold in ARDROSSAN in 2016, making it the 291st most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $273,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | N/A | N/A |
| Median 12 month | -7.29% | N/A |
| Median 3 years | 3.21% | N/A |
| Median 5 years | -17.62% | N/A |
| 10 years average annual | 2.27% | N/A |
| Weekly media advert. rent | $250 | N/A |
| Time on Market | 151.0 days | N/A |
| Gross Rental Yield Percent | 4.75% | N/A |
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