Investing overseas for the first time: How this investor will do it
After acquiring nine properties in four years, investor Arjun Paliwal decided to diversify his portfolio even further by making his next pur...
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 -6.21% per annum over a 3-year period.
PORT AUGUSTA WEST now ranks at the 40th 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 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 $300 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 94.7 days.
In 2016, 47 properties were sold in PORT AUGUSTA WEST during the past year, making it the 146th 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 | 7.14% | N/A |
| Median 12 month | -8.16% | N/A |
| Median 3 years | -18.63% | N/A |
| Median 5 years | -15.09% | N/A |
| 10 years average annual | 0.87% | N/A |
| Weekly media advert. rent | $300 | N/A |
| Time on Market | 94.7 days | N/A |
| Gross Rental Yield Percent | 6.93% | N/A |
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