TUMBY BAY, 5605 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 $269,250.
Profits due to an downward trend in home prices in the suburb averaged -2.91% per annum over a 3-year period.
TUMBY BAY now ranks at the 346th 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 TUMBY BAY are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $250 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 TUMBY BAY, homes and units usually stay on listing for an average of 170.3 days.
In 2016, 30 properties were sold in TUMBY BAY during the past year, making it the 250th most active market in SA based on total real estate transactions.
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