Property investors who have had real estate in Westbourne Park, 5041 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 unmoved in value by 0.00%
If we look at median property appreciation over just the last three months, Westbourne Park has given property investors a paper return of -2.35%. This puts Suburb as 342 on a list of fastest fasting appreciating suburbs in SA
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 6.41%, investors should hope to achieve an overall return of 2.76%
If you compare the increase in value of investment property in Westbourne Park, 5041 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -6.34%.
Taking the average capital gain, or increase in median house value, Westbourne Park,5041 has racked up an average of -6.34% over the period. This ranks it number 1256th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Westbourne Park is giving property investors an average Vendor Discount of around -7.67%. This puts suburb at number 36th in SA when ranking the most discounted suburbs.
With the median price for a house in Westbourne Park being $288000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.06%