Glenelg, 5045 ranked 55th in SA when comparing growth in median property values or capital gain over the last 12 months. Glenelg is one of 853 in our list for SA
Glenelg,5045 has offered an average of 8.90% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Glenelg 5045 should be seeing an average reduction in asking price of around -6.55% . This means that Glenelg is holding prices well when compared to other suburbs in SA.
On average over the past year, suburb has had 11.92 sales per month, which equates to 143 per year.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
By the sea in Adelaide’s south-west, the suburb of Glenelg seems to have hit somewhat of a rough patch in recent times.Full summary
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By the sea in Adelaide’s south-west, the suburb of Glenelg seems to have hit somewhat of a rough patch in recent times.Close
Currently, the median house price sits $865,000, though there are indicators that it could soon become more affordable.
The latest data from CoreLogic RP Data has revealed a 12% drop in house values over the past year, while over the past five years values have fallen 9%.
Investors aren’t seeing any real cash flow that would ease that pain either, with Glenelg’s rental yield currently sitting at just 3%.
Glenelg is around a 20-minute drive to Adelaide CBD, while the tram line that runs through the suburb can have commuters in the city centre in just over half an hour.
Adelaide Airport is just to the north of Glenelg, while there are a number of shopping centres within the suburb.