Property investors who have had real estate in Alberton, 5014 should be pleased 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 14.15%
While Alberton,5014 ranked number 48th in SA for increase in median house value (annualised) increase, it is ranked 17th over the last 5 years.
Alberton5014 is located in SA which offers an average discount of -6.56% to property investors. Alberton itself is showing figures that indicate -8.21% is the average achievable by property buyers investing in the suburb.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.76%, without taking into account capital value appreciation, which has been averaging out at 5.80%.
Over the last year, property investments in Alberton, 5014 have given investors a capital gain of 15.38%. This compares very favourably with the 3.64% for SA as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Alberton has increased when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.26% offered to property buyers. Sellers in Alberton itself are offering an average vendor discount of -8.38% to real estate investors.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
The SA suburb of Alberton, 5014 is in the Port Adelaide Enfield local government area.