SA has seen average median house prices change by 3.04% which means that Sturt, 5047 has done well for property investors by showing a capital gain of 12.20% over the last year
While Sturt,5047 ranked number 65th in SA for increase in median house value (annualised) increase, it is ranked 113th over the last 5 years.
Vendor discounting in Sturt is giving property investors an average Vendor Discount of around -3.84%. This puts suburb at number 358th in SA when ranking the most discounted suburbs.
Sturt is 210th on a list of best yielding suburbs for rents in SA with a 4.30% return
Property value increases in Sturt have tracked just lower than the SA average of 4.27% over the last 12 months.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Sturt, 5047. Typically our figures indicate that -4.23% is being offered, which puts this SA suburb at 1017th most discounted overall in Australia.
In the last year 18 properties changed hands in Sturt, which puts it as the 122th most active market in SA when comparing the number of sales per suburb.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.83%, without taking into account capital value appreciation, which has been averaging out at 4.19%.