Giving property investors a an unimpressive capital gain of -1.45% for the last year, Taperoo, 5017 is the 3044th highest performer in Australia in this respect.
Taperoo,5017 was ranked 3743 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Taperoo, 5017. Typically our figures indicate that -5.17% is being offered, which puts this SA suburb at 2446th most discounted overall in Australia.
In the last year 35 properties changed hands in Taperoo, which puts it as the 261th most active market in SA when comparing the number of sales per suburb.
With the median price for a house in Taperoo being $340000 and the advertised rent reaching $352.5 the gross rental yield for property investors calculates out to be 5.39%
Property investors who have had real estate in Taperoo, 5017 should be relatively 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 6.52%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Taperoo has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Taperoo are currently offering property investors an average price cut of -5.45% below the asking price at the moment.
Taperoo is 28th on a list of best yielding suburbs for rents in SA with a 5.94% return
Taperoo is an old Aboriginal word for calm, and that’s not a bad way to sum up this primarily residential LeFevre Peninsula suburb.Full summary
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Taperoo is an old Aboriginal word for calm, and that’s not a bad way to sum up this primarily residential LeFevre Peninsula suburb.
What really makes it stand out is its excellent level of relative affordability, and a strong rental market. Median prices compare very well with neighbouring Largs Bay North Haven, for example.
“There are boat ramps nearby, and it offers good affordability for people that are looking for the beachside lifestyle. There aren’t many places that can offer coastal living at these prices,” says Harcourts Semaphore sales consultant Phil Tan.
He notes however that what Taperoo’s median price figures don’t reveal is that it’s something of a tale of two cities in terms of property prices.
“There’s a mix of properties in Taperoo,” he says. “Properties on the west side of Victoria Road are more popular, and sell for better prices, as they’re closer to the beach. The cheaper, sub-$250,000 properties are on the east side, closer to the port area.”
He notes that rents are naturally higher in beachside areas, and this is the area that a large proportion of investors head to, but that you’re more likely to find a neutrally or positively geared property in eastern zones.
The rental market here is certainly solid, with yields sitting at around 5%, and the monthly vacancy rate being consistently below 1% for the past couple of years.
Renters made up 41% of the area’s population base at the 2006 Census, and SQM predicts that this figure will rise to 56% in 2011 and 64% in 2016. Average annual population growth in the local SLA reached 0.6% over the past four years.
Taperoo may be a bit out of the way, tucked up around 18km from the CBD above Port Adelaide, but it does have a train station that gets residents to the city in half an hour. Amenity highlights are the beach and a good selection of schools (Tan highlights Ocean View College). There are basic shopping options here, including an IGA and a handful of restaurants and cafes, while the larger shopping centres are found around 5km south in Port Canal or 10km south in West Lakes.