Seacliff is an average performer in SA when comparing median price capital growth over the last year. Seacliff gave property investors a good capital gain figure when compared to the rest of the state, with 6.25%.
While Seacliff,5049 ranked number 213th in SA for increase in median house value (annualised) increase, it is ranked 38th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Seacliff is offering property investors an average of -6.57. This rate of discount on properties puts Suburb at number 274th in terms of most discounted suburbs in SA
Property investors should expect to get $410 weekly from the median priced house in this suburb.
Over the last year, property investments in Seacliff, 5049 have given investors a capital gain of 41.85%. This compares very favourably with the 3.81% for SA as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Seacliff has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Seacliff are currently offering property investors an average price cut of -6.02% below the asking price at the moment.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 2.55%, without taking into account capital value appreciation, which has been averaging out at 13.92%.