Over the last year, property investments in Grange, 5022 have given investors a capital gain of 8.40%. This compares favourably with the 3.04% for SA as a whole.
Comparing Grange,5022 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Grange5022 is located in SA which offers an average discount of -6.54% to property investors. Grange itself is showing figures that indicate -5.78% is the average achievable by property buyers investing in the suburb.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.45%, without taking into account capital value appreciation, which has been averaging out at 5.12%.
Giving property investors a a solid capital gain of 29.58% for the last year, Grange, 5022 is the 40th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Grange,5022 has racked up an average of 29.58% over the period. This ranks it number 1475th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Grange should be aiming for at least -6.25% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Grange have been waiting around 57.96 days to sell a property.
With the median price for a house in Grange being $509250 and the advertised rent reaching $295 the gross rental yield for property investors calculates out to be 3.01%