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A growing number of Australians are being forced to live in high-density apartments, which is having an impact on future prosperity and cohe...
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PORT VINCENT, 5581 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 $300,500.
Profits due to an upward trend in home prices in the suburb averaged 0.34% per annum over a 3-year period.
PORT VINCENT now ranks at the 39th 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 high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $255 based on current median home prices.
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 88.2 days.
In 2016, 24 properties were sold in PORT VINCENT during the past year, making it the 287th most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $300,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.32% | N/A |
| Median 12 month | -6.09% | N/A |
| Median 3 years | 1.01% | N/A |
| Median 5 years | -12.13% | N/A |
| 10 years average annual | -0.93% | N/A |
| Weekly media advert. rent | $255 | N/A |
| Time on Market | 88.2 days | N/A |
| Gross Rental Yield Percent | 4.41% | N/A |
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