Are landlords being left high and dry by insurers?
The Real Estate Institute of NSW has expressed serious concerns over news that some insurance companies are making things difficult for Aust...
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PORT AUGUSTA WEST, 5700 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 $225,000.
Profits due to an downward trend in home prices in the suburb averaged -1.42% per annum over a 3-year period.
PORT AUGUSTA WEST now ranks at the 400th 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 PORT AUGUSTA WEST 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 $280 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 PORT AUGUSTA WEST, homes and units usually stay on listing for an average of 110.6 days.
In 2016, 38 properties were sold in PORT AUGUSTA WEST during the past year, making it the 184th most active market in SA based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $225,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -16.36% | N/A |
| Median 12 month | -2.17% | N/A |
| Median 3 years | -4.26% | N/A |
| Median 5 years | -26.23% | N/A |
| 10 years average annual | 2.33% | N/A |
| Weekly media advert. rent | $280 | N/A |
| Time on Market | 110.6 days | N/A |
| Gross Rental Yield Percent | 6.47% | N/A |
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