ROXBY DOWNS, 5725 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 $260,000.
Profits due to an downward trend in home prices in the suburb averaged -2.38% per annum over a 3-year period.
ROXBY DOWNS now ranks at the 424th 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 ROXBY DOWNS 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 $370 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 ROXBY DOWNS, homes and units usually stay on listing for an average of 139.5 days.
In 2016, 115 properties were sold in ROXBY DOWNS during the past year, making it the 461st most active market in SA based on total real estate transactions.
ROXBY DOWNS ranks 168th in SA when it comes to estimated capital gains experienced by property investors over the past three years.
ROXBY DOWNS, 5725 has a capital gain of 0% for the past year, which is average compared to its 0% growth within a five-year period.
With the median home price in ROXBY DOWNS sitting at $180,000, and the average rent at $300, property owners could potentially earn a 8.67% increase in gross rental yield.
Property investors have seen a 0% gain in ROXBY DOWNS based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that ROXBY DOWNS, 5725 obtained a 0% decrease over a ten-year period. It ranks 1918th on our list of suburbs that property investors should look into.