Myrtle Bank is in the TOP 30% in SA when comparing median price capital growth over the last year. Myrtle Bank gave property investors a good capital gain figure when compared to the rest of the state, with 8.36%.
While Myrtle Bank,5064 ranked number 63th in SA for increase in median house value (annualised) increase, it is ranked 94th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Myrtle Bank is offering property investors an average of -6.55. This rate of discount on properties puts Suburb at number 110th in terms of most discounted suburbs in SA
A $475 per week rent on the median house gives suburb investors a gross yield of circa 2.76%, without taking into account capital value appreciation, which has been averaging out at 5.35%.
Myrtle Bank is in the TOP 20% in SA when comparing median price capital growth over the last year. Myrtle Bank gave property investors a good capital gain figure when compared to the rest of the state, with 13.02%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Myrtle Bank has increased when compared to the 5 year average annual rate.
Myrtle Bank5064 is located in SA which offers an average discount of -6.20% to property investors. Myrtle Bank itself is showing figures that indicate -5.22% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Myrtle Bank the average time real estate has been on the market is 81.14 days.
Renters in Suburb are facing rents around $3780 per annum or $315 every week.