Property value increases in Sturt have tracked just lower than the SA average of 3.17% over the last 12 months.
While Sturt,5047 ranked number 321th in SA for increase in median house value (annualised) increase, it is ranked 102th over the last 5 years.
The most recent median price for Sturt is $445250, with sellers offering an average of -5.93% off the asking price.
On average over the past year, suburb has had 4.50 sales per month, which equates to 54 per year.
Renters in Suburb are facing rents around $4560 per annum or $380 every week.
If you compare the increase in value of investment property in Sturt, 5047 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -1.79%.
Sturt5047 is located in SA which offers an average discount of -6.37% to property investors. Sturt itself is showing figures that indicate -2.89% is the average achievable by property buyers investing in the suburb.
At number 542 in a list of fastest selling suburbs, Sturt is in the TOP 40% of suburbs in Australia with an average of days on market 66.5 for properties listed there.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 3.33%, investors should hope to achieve an overall return of 4.92%