Federal Election Results Revealed: What It Means For Investors
Australia has voted. Looking forward, here are the policies property purchasers, home owners, and investors can expect...
STIRLING NORTH, 5710 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 $272,500.
Profits due to an upward trend in home prices in the suburb averaged 0% per annum over a 3-year period.
STIRLING NORTH now ranks at the 489th 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 STIRLING NORTH 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 $400 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 STIRLING NORTH, homes and units usually stay on listing for an average of 135.6 days.
In 2016, 40 properties were sold in STIRLING NORTH during the past year, making it the 190th most active market in SA based on total real estate transactions.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-12.73%||N/A|
|Median 3 years||0%||N/A|
|Median 5 years||26.16%||N/A|
|10 years average annual||2.71%||N/A|
|Weekly media advert. rent||$400||N/A|
|Time on Market||135.6 days||N/A|
|Gross Rental Yield Percent||7.63%||N/A|