At number 221th in the list of Australian suburbs ordered by increase in median house value over the last year, Tennyson, 5022 is in the top 10% with a property value increase of 22.29% recorded in median house prices.
If we look at median property appreciation over just the last three months, Tennyson has given property investors a paper return of 1.50%. This puts Suburb as 172 on a list of fastest fasting appreciating suburbs in SA
Property investors looking for a bargain in Tennyson should be aiming for at least -8.27% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $630 and the average annual increase in value of a median property of 1.81%, investors should hope to achieve an overall return of 3.23%
Property investors who have had real estate in Tennyson, 5022 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -20.64%
Property investors looking for a bargain in Tennyson should be aiming for at least -7.79% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Tennyson being $373000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.46%