Property investors who have had real estate in Glenalta, 5052 should be ok with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.07%
While Glenalta,5052 ranked number 224th in SA for increase in median house value (annualised) increase, it is ranked 239th over the last 5 years.
Sellers are offering property buyers an average discount of -6.98% to buyers in Glenalta at the moment, which is less than average for the rest of SA.
Often selling an investment property can take time, and in Glenalta the average time real estate has been on the market is 78 days.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.33%, without taking into account capital value appreciation, which has been averaging out at 4.10%.