SA has seen average median house prices change by 3.56% which means that Glenelg, 5045 has done well for property investors by showing a capital gain of -10.80% over the last year
The five-year average increase in median property values for Glenelg,5045 has given property investors a potential capital gain of 35.34% across each of those five years.
Giving property investors a a stable capital gain of 12.17% for the last year, Glenelg, 5045 is the 366th highest performer in Australia in this respect.
Glenelg,5045 was ranked 823 in Australia by increase in median property value over the quarter.
At number 58th of SA’s most discounted properties, Glenelg is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $395 mark per week – giving a return of 4.37% based on the median price in 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
Information supplied by:
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.