How Will The Budget Impact The Housing Market?
While the 2021 budget included a number of measures relevant to property investors, an expert has questioned whether any...
PORT VINCENT, 5581 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in SA have risen as a whole, pulling PORT VINCENT, 5581 values up and netting property investors a capital gain of 12.28% for the past year.
Investors saw the median home price rise to $320,000.
Profits due to an downward trend in home prices in the suburb averaged -2.19% per annum over a 3-year period.
PORT VINCENT now ranks at the 303rd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in PORT VINCENT are low, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In PORT VINCENT, homes and units usually stay on listing for an average of 177.4 days.
In 2016, 30 properties were sold in PORT VINCENT during the past year, making it the 240th most active market in SA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||12.28%||N/A|
|Median 3 years||-6.57%||N/A|
|Median 5 years||15.32%||N/A|
|10 years average annual||1.78%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||177.4 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|