Brompton is an average performer in SA when comparing median price capital growth over the last year. Brompton gave property investors a good capital gain figure when compared to the rest of the state, with 5.91%.
While Brompton,5007 ranked number 145th in SA for increase in median house value (annualised) increase, it is ranked 285th over the last 5 years.
Vendor discounting in Brompton is giving property investors an average Vendor Discount of around -5.53%. This puts suburb at number 252th in SA when ranking the most discounted suburbs.
On average over the past year, suburb has had 4.00 sales per month, which equates to 48 per year.
With the median price for a house in Brompton being $515000 and the advertised rent reaching $415 the gross rental yield for property investors calculates out to be 4.19%
If you compare the increase in value of investment property in Brompton, 5007 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -2.60%.
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.
Property investors looking for a bargain in Brompton should be aiming for at least -6.90% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 6.48%, investors should hope to achieve an overall return of 4.51%