At number 1854th in the list of Australian suburbs ordered by increase in median house value over the last year, Glenelg South, 5045 is in the top half with a property value increase of 5.56% recorded in median house prices.
If we look at median property appreciation over just the last three months, Glenelg South has given property investors a paper return of -2.06%. This puts Suburb as 330 on a list of fastest fasting appreciating suburbs in SA
The SA suburb of Glenelg South, 5045 is in the Holdfast Bay local government area.
If you compare the increase in value of investment property in Glenelg South, 5045 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this SA suburb was 10.94%.
Over the longer term, Glenelg South has seen property prices show investors a 38.54% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Glenelg South is $497000, with sellers offering an average of -6.63% off the asking price.
Often selling an investment property can take time, and in Glenelg South the average time real estate has been on the market is 49.66 days.
A $330 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 5.83%.