Perth’s luxury property growth ranked highest in Australia
Smaller cities have outranked the major capitals for prime luxury residential real estate price growth, a new report has shown. ...
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 14.04% for the past year.
Investors saw the median home price rise to $325,000.
Profits due to an upward trend in home prices in the suburb averaged 1.33% per annum over a 3-year period.
PORT VINCENT now ranks at the 370th 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 190.5 days.
In 2016, 24 properties were sold in PORT VINCENT during the past year, making it the 278th most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $325,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -4.27% | N/A |
| Median 12 month | 14.04% | N/A |
| Median 3 years | 4% | N/A |
| Median 5 years | -4.06% | N/A |
| 10 years average annual | 1.62% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 190.5 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
Smaller cities have outranked the major capitals for prime luxury residential real estate price growth, a new report has shown. ...
The banks are customer hungry, meaning they’re willing to offer increased discounts to new customers and apply these discounts to existing...
Despite the pandemic, house and unit prices rose across Australia last year. But will this resilience persist in 2021? ...
Prices across the high-end property market are tipped to see exponential growth as demand for space and comfort increases. ...
Nearly one in 10 Victorian properties is at a very high risk of a climate hazard, new research has revealed, pinpointing the regions that ...
With JobSeeker coming to an end in March, how will the Australian housing market fare? ...
Get notifications in real-time for staying up to date with content that matters to you.
