Property to regain momentum following health crisis
Strong property price growth before the outbreak of COVID-19 gives investors a snapshot of what market conditions will be like once the pand...
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ARDROSSAN, 5571 ranks 765th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 6.67% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $240,000.
The downward trend in home prices in ARDROSSAN, 5571 averaged -5.14% per annum over a 3-year period.
Average weekly rents on listings have reached the $252.5 mark, reflecting a 5.47% increase in returns based on the current median price in ARDROSSAN.
An average of 1.17 real estate transactions take place per month in ARDROSSAN which translates to 14 per annum.
14 properties were sold in ARDROSSAN in 2016, making it the 398th most active market in SA based on total real estate transactions.
ARDROSSAN, 5571 places 57th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $240,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.49% | N/A |
| Median 12 month | 6.67% | N/A |
| Median 3 years | -15.42% | N/A |
| Median 5 years | -14.29% | N/A |
| 10 years average annual | -0.8% | N/A |
| Weekly media advert. rent | $252.5 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 5.47% | N/A |
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