SA has seen average median house prices change by 2.92% which means that Glenelg South, 5045 has done well for property investors by showing a capital gain of 5.56% over the last year
Glenelg South,5045 has offered an average of 5.56% return per annum in house price rises to property investors over the last three years.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 3.18%, investors should hope to achieve an overall return of 2.35%
Property investors who have had real estate in Glenelg South, 5045 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 decrease in value by -1.37%
Glenelg South,5045 was ranked 1244 in Australia by increase in median property value over the quarter.
Glenelg South5045 is located in SA which offers an average discount of -6.26% to property investors. Glenelg South itself is showing figures that indicate -6.23% is the average achievable by property buyers investing in the suburb.
A $332.5 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 4.12%.