With a capital gain of 7.94% for the last 12 months, Glenalta, 5052 has performed for property investments than its average annual 4.35% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Glenalta has given property investors a paper return of 2.00%. This puts Suburb as 174 on a list of fastest fasting appreciating suburbs in SA
Our latest figures would indicate that property sellers in Glenalta are currently offering property investors an average price cut of -9.40% below the asking price at the moment.
At number 2387 in a list of fastest selling suburbs, Glenalta is in the bottom 40% of suburbs in Australia with an average of days on market 89.91 for properties listed there.
With the median price for a house in Glenalta being $510000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.49%