At number 1601th in the list of Australian suburbs ordered by increase in median house value over the last year, Glengowrie, 5044 is in the top 40% with a property value increase of 7.02% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Glengowrie comes in at number 106th in SA.
Property investors looking for a bargain in Glengowrie should be aiming for at least -6.23% off the asking price, which is the average vendor discount being achieved at the moment.
Glengowrie, 5044’s gross rental yield is 3.56%
Property investors who have had real estate in Glengowrie, 5044 should be ok 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 3.50%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Glengowrie has increased when compared to the 5 year average annual rate.
Property buyers and investors in Glengowrie 5044 should be seeing an average reduction in asking price of around -5.47% . This means that Glengowrie is holding prices well when compared to other suburbs in SA.
With the median price for a house in Glengowrie being $560000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 3.16%