SA has seen average median house prices change by 3.22% which means that Sturt, 5047 has done well for property investors by showing a capital gain of 2.07% over the last year
If we look at median property appreciation over just the last three months, Sturt has given property investors a paper return of 0.17%. This puts Suburb as 253 on a list of fastest fasting appreciating suburbs in SA
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Sturt itself are offering an average vendor discount of -6.03% to real estate investors.
With the median price for a house in Sturt being $450000 and the advertised rent reaching $375 the gross rental yield for property investors calculates out to be 4.33%
Over the last year, property investments in Sturt, 5047 have given investors a capital gain of 0.30%. This compares averagely with the 3.99% for SA as a whole.
Sturt,5047 has offered an average of 0.30% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Sturt 5047 should be seeing an average reduction in asking price of around -3.00% . This means that Sturt is holding prices well when compared to other suburbs in SA.
Sturt, 5047’s gross rental yield is 4.81%