Property investors who have had real estate in Novar Gardens, 5040 should be relatively 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 6.64%
The five-year average increase in median property values for Novar Gardens,5040 has given property investors a potential capital gain of 15.87% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Novar Gardens is offering property investors an average of -6.56. This rate of discount on properties puts Suburb at number 324th in terms of most discounted suburbs in SA
Using the current median advertised rental of $425 and the average annual increase in value of a median property of 3.93%, investors should hope to achieve an overall return of 3.67%