Novar Gardens has had a pretty good year for property investment returns compared to the rest of SA, giving investors a capital gain of 4.89% to date .
Across a shorter period, Novar Gardens, 5040 has seen a median price increase of -0.25% over the last quarter.
The most recent median price for Novar Gardens is $601000, with sellers offering an average of -4.09% off the asking price.
At number 1204 in a list of fastest selling suburbs, Novar Gardens is in the TOP 40% of suburbs in Australia with an average of days on market 64.52 for properties listed there.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 3.81%, without taking into account capital value appreciation, which has been averaging out at 3.89%.