AREA REPORTS

Coffin Bay

SA/
Coffin bay

Suburb Profile

Coffin Bay - FREE SUBURB PROFILE REPORT
POSTAL CODE: SA,5607

house

COFFIN BAY, 5607 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 COFFIN BAY, 5607 values up and netting property investors a capital gain of 21.05% for the past year.

Investors saw the median home price rise to $345,000.

Profits due to an downward trend in home prices in the suburb averaged -2.25% per annum over a 3-year period.

COFFIN BAY now ranks at the 127th 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 COFFIN BAY are high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $285 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 COFFIN BAY, homes and units usually stay on listing for an average of 0.0 days.

In 2016, 18 properties were sold in COFFIN BAY during the past year, making it the 360th most active market in SA based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $345,000 N/A
GROWTH REPORT
Median Quarterly 2.07% N/A
Median 12 month 21.05% N/A
Median 3 years -6.76% N/A
Median 5 years -3.63% N/A
10 years average annual 3.11% N/A
Weekly media advert. rent $285 N/A
Time on Market 0.0 days N/A
Gross Rental Yield Percent 4.3% N/A
demographics (median values)
Total Population
583
Weekly Household Income
729.8
Household Size
2.20
demographics
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