If you compare the increase in value of investment property in Grange, 5022 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 5.86%.
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.
Grange, 5022 is offering SA ‘s 184th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this SA.
At number 1769 in a list of fastest selling suburbs, Grange is just in the top half of suburbs in Australia with an average of days on market 76.27 for properties listed there.
Renters in Suburb are facing rents around $5190 per annum or $432.5 every week.
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 4.44%
Taking the average capital gain, or increase in median house value, Grange,5022 has racked up an average of 4.44% over the period. This ranks it number 1573th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Grange is giving property investors an average Vendor Discount of around -5.98%. This puts suburb at number 72th in SA when ranking the most discounted suburbs.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 3.49%, without taking into account capital value appreciation, which has been averaging out at 9.74%.