Property investors who have had real estate in Tennyson, 5022 should be pleased with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 21.89%
Vendor discounting in Tennyson is giving property investors an average Vendor Discount of around -8.88%. This puts suburb at number 42th in SA when ranking the most discounted suburbs.
With the median price for a house in Tennyson being $1030000 and the advertised rent reaching $570 the gross rental yield for property investors calculates out to be 2.88%
Tennyson, 5022 ranked 170th in SA when comparing growth in median property values or capital gain over the last 12 months. Tennyson is one of 853 in our list for SA
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.37% offered to property buyers. Sellers in Tennyson itself are offering an average vendor discount of -9.57% to real estate investors.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 5.54%, without taking into account capital value appreciation, which has been averaging out at 9.69%.