How investors should react to mortgage possessions coming soon
Analysis of data by a major bank shows that mortgage possession is looming around the corner, according to one property commentator. ...
WHYALLA PLAYFORD, 5600 ranks 302nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 18.75% 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 $190,000.
The downward trend in home prices in WHYALLA PLAYFORD, 5600 averaged -5.19% per annum over a 3-year period.
Average weekly rents on listings have reached the $250 mark, reflecting a 6.84% increase in returns based on the current median price in WHYALLA PLAYFORD.
An average of 3.25 real estate transactions take place per month in WHYALLA PLAYFORD which translates to 39 per annum.
39 properties were sold in WHYALLA PLAYFORD in 2016, making it the 186th most active market in SA based on total real estate transactions.
WHYALLA PLAYFORD, 5600 places 12th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $190,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 11.76% | N/A |
| Median 12 month | 18.75% | N/A |
| Median 3 years | -15.56% | N/A |
| Median 5 years | -34.48% | N/A |
| 10 years average annual | 1.22% | N/A |
| Weekly media advert. rent | $250 | N/A |
| Time on Market | 127.1 days | N/A |
| Gross Rental Yield Percent | 6.84% | N/A |
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