SA has seen average median house prices change by 3.17% which means that Glengowrie, 5044 has done well for property investors by showing a capital gain of 4.13% over the last year
If we look at median property appreciation over just the last three months, Glengowrie has given property investors a paper return of 0.40%. This puts Suburb as 247 on a list of fastest fasting appreciating suburbs in SA
Glengowrie5044 is located in SA which offers an average discount of -6.41% to property investors. Glengowrie itself is showing figures that indicate -3.87% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 6.58 sales per month, which equates to 79 per year.
A $417.5 per week rent on the median house gives suburb investors a gross yield of circa 3.45%, without taking into account capital value appreciation, which has been averaging out at 5.10%.
At number 1277th in the list of Australian suburbs ordered by increase in median house value over the last year, Glengowrie, 5044 is in the BOTTOM 30% with a property value increase of -2.60% recorded in median house prices.
Over the longer term, Glengowrie has seen property prices show investors a 8.38% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -6.10% to buyers in Glengowrie at the moment, which is less than average for the rest of SA.
Advertised rents are around the $340 mark per week – giving a return of 3.26% based on the median price in Suburb