Property investors enjoyed capital gains of 11.09% over the last 12 months in PORT LINCOLN, translating to lower returns compared with its peers in SA.
Figures from the previous quarter show that capital gains for real estate buyers in PORT LINCOLN are low, as opposed to average gains per annum over the past five years.
The suburb posted a 46.58% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
On average, rents on listings have reached the $500 mark, reflecting a 4.93% increase in returns based on the current median price in PORT LINCOLN.
PORT LINCOLN, 5606 ranks 251st in SA in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 22nd on the list of best yielding suburbs for rental properties in SA, posting a 4.93% return.
Property investors have seen a -0.68% drop in PORT LINCOLN based on a decrease in median home prices for the past three months.
Homeowners and real estate investors betting on PORT LINCOLN, 5606 can rest assured about this SA suburb's performance. The suburb saw median home prices rise by 23.1%.
Based on its average 5-year and quarterly capital gains PORT LINCOLN, 5606 saw average growth in the long term.
PORT LINCOLN, 5606 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 $437,000.
Profits due to an upward trend in home prices in PORT LINCOLN, 5606 averaged 19.64% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in PORT LINCOLN, 5606 is 5%.
An average of 4.08 real estate transactions take place per month in PORT LINCOLN which translates to 49 per annum.