Property value increases in Highgate have tracked higher than the SA average of 2.82% over the last 12 months.
While Highgate,5063 ranked number 20th in SA for increase in median house value (annualised) increase, it is ranked 17th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Highgate is offering property investors an average of -6.55. This rate of discount on properties puts Suburb at number 29th in terms of most discounted suburbs in SA
Often selling an investment property can take time, and in Highgate the average time real estate has been on the market is 77.66 days.
Using the current median advertised rental of $502.5 and the average annual increase in value of a median property of 8.07%, investors should hope to achieve an overall return of 2.68%
Over the last year, property investments in Highgate, 5063 have given investors a capital gain of -12.29%. This compares very badly with the 3.03% for SA as a whole.
If we look at median property appreciation over just the last three months, Highgate has given property investors a paper return of -0.97%. This puts Suburb as 113 on a list of fastest fasting appreciating suburbs in SA
In the last year 11 properties changed hands in Highgate, which puts it as the 192th most active market in SA when comparing the number of sales per suburb.
Advertised rents are around the $290 mark per week – giving a return of 4.91% based on the median price in Suburb