Investment property in Grange has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.69%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Grange has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Grange is offering property investors an average of -6.41. This rate of discount on properties puts Suburb at number 156th in terms of most discounted suburbs in SA
In the last year 103 properties changed hands in Grange, which puts it as the 49th most active market in SA when comparing the number of sales per suburb.
The SA suburb of Grange, 5022 is in the Charles Sturt local government area.
Grange, 5022 ranked 4th in SA when comparing growth in median property values or capital gain over the last 12 months. Grange is one of 853 in our list for SA
Across a shorter period, Grange, 5022 has seen a median price increase of 5.98% over the last quarter.
Our latest figures would indicate that property sellers in Grange are currently offering property investors an average price cut of -5.81% below the asking price at the moment.
At number 378 in a list of fastest selling suburbs, Grange is in the TOP 30% of suburbs in Australia with an average of days on market 57.85 for properties listed there.
Renters in Suburb are facing rents around $3600 per annum or $300 every week.