Property value increases in Wayville have tracked lower than the SA average of 3.56% over the last 12 months.
Across a shorter period, Wayville, 5034 has seen a median price increase of -5.43% over the last quarter.
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 6.19%, investors should hope to achieve an overall return of 3.46%
Over the last year, property investments in Wayville, 5034 have given investors a capital gain of 6.65%. This compares favourably with the 3.97% for SA as a whole.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.40% offered to property buyers. Sellers in Wayville itself are offering an average vendor discount of -7.25% to real estate investors.
On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.