‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Based on its average 5-year and quarterly capital gains, the suburb saw average decrease 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 $175,000.
The downward trend in home prices in WHYALLA PLAYFORD, 5600 averaged -8.51% per annum over a 3-year period.
Average weekly rents on listings have reached the $240 mark, reflecting a 7.13% increase in returns based on the current median price in WHYALLA PLAYFORD.
An average of 3.5 real estate transactions take place per month in WHYALLA PLAYFORD which translates to 42 per annum.
42 properties were sold in WHYALLA PLAYFORD in 2016, making it the 169th most active market in SA based on total real estate transactions.
WHYALLA PLAYFORD, 5600 places 394th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $175,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -10.26% | N/A |
| Median 12 month | -10.26% | N/A |
| Median 3 years | -25.53% | N/A |
| Median 5 years | -34.58% | N/A |
| 10 years average annual | -3.4% | N/A |
| Weekly media advert. rent | $240 | N/A |
| Time on Market | 106.7 days | N/A |
| Gross Rental Yield Percent | 7.13% | N/A |
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