Investment property in Tennyson 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 5.45%
If we look at median property appreciation over just the last three months, Tennyson has given property investors a paper return of 20.12%. This puts Suburb as 2 on a list of fastest fasting appreciating suburbs in SA
In the last year 17 properties changed hands in Tennyson, which puts it as the 411th most active market in SA when comparing the number of sales per suburb.
Situated 11.19km from the CBD, Tennyson is one of Charles Sturt localities in the postcode 5022.
Giving property investors a an average capital gain of 5.71% for the last year, Tennyson, 5022 is the 725th highest performer in Australia in this respect.
The five-year average increase in median property values for Tennyson,5022 has given property investors a potential capital gain of 10.14% across each of those five years.
Our latest figures would indicate that property sellers in Tennyson are currently offering property investors an average price cut of -11.85% below the asking price at the moment.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 3.83%, without taking into account capital value appreciation, which has been averaging out at 13.18%.