Panorama has had a very poor year for property investment returns compared to the rest of SA, giving investors a capital gain of -5.02% to date .
If we look at median property appreciation over just the last three months, Panorama has given property investors a paper return of -1.13%. This puts Suburb as 330 on a list of fastest fasting appreciating suburbs in SA
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Panorama itself are offering an average vendor discount of -4.03% to real estate investors.
At number 927 in a list of fastest selling suburbs, Panorama is in the TOP 30% of suburbs in Australia with an average of days on market 55.71 for properties listed there.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.85%, without taking into account capital value appreciation, which has been averaging out at 5.61%.