Myrtle Bank has had a A very good year for property investment returns compared to the rest of SA, giving investors a capital gain of 13.05% to date .
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.
Vendor discounting in Myrtle Bank is giving property investors an average Vendor Discount of around -9.42%. This puts suburb at number 35th in SA when ranking the most discounted suburbs.
Myrtle Bank, 5064’s gross rental yield is 3.24%
Investment property in Myrtle Bank has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.63%
Myrtle Bank, 5064 is offering SA ‘s 139th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this SA.
With the median price for a house in Myrtle Bank being $395000 and the advertised rent reaching $325 the gross rental yield for property investors calculates out to be 4.28%