Property investors who have had real estate in Brompton, 5007 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.17%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Brompton has increased when compared to the 5 year average annual rate.
Vendor discounting in Brompton is giving property investors an average Vendor Discount of around -4.73%. This puts suburb at number 312th in SA when ranking the most discounted suburbs.
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 4.09%, investors should hope to achieve an overall return of 4.37%
At number 1254th in the list of Australian suburbs ordered by increase in median house value over the last year, Brompton, 5007 is in the BOTTOM 30% with a property value increase of -2.22% recorded in median house prices.
Comparing Brompton,5007 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -6.67% to buyers in Brompton at the moment, which is less than average for the rest of SA.
In the last year 54 properties changed hands in Brompton, which puts it as the 27th most active market in SA when comparing the number of sales per suburb.
With the median price for a house in Brompton being $440000 and the advertised rent reaching $382.5 the gross rental yield for property investors calculates out to be 4.52%