SA has seen average median house prices change by 3.22% which means that Brooklyn Park, 5032 has done well for property investors by showing a capital gain of 6.77% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Brooklyn Park has increased when compared to the 5 year average annual rate.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Brooklyn Park itself are offering an average vendor discount of -6.48% to real estate investors.
With the median price for a house in Brooklyn Park being $505000 and the advertised rent reaching $365 the gross rental yield for property investors calculates out to be 3.76%
Property investors who have had real estate in Brooklyn Park, 5032 should be relatively 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 -4.40%
The five-year average increase in median property values for Brooklyn Park,5032 has given property investors a potential capital gain of -13.05% across each of those five years.
Property investors looking for a bargain in Brooklyn Park should be aiming for at least -8.64% off the asking price, which is the average vendor discount being achieved at the moment.
The SA suburb of Brooklyn Park, 5032 is in the West Torrens local government area.