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 9.24% for the past year.
Investors saw the median home price rise to $325,000.
Profits due to an downward trend in home prices in the suburb averaged -2.58% per annum over a 3-year period.
Because of this real estate investors could earn a rental income of $297.5 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 145.7 days.
In 2016, 28 properties were sold in PORT VINCENT during the past year, making it the 255th most active market in SA based on total real estate transactions.
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