SA has seen average median house prices change by 3.35% which means that Myrtle Bank, 5064 has done well for property investors by showing a capital gain of 3.84% over the last year
While Myrtle Bank,5064 ranked number 253th in SA for increase in median house value (annualised) increase, it is ranked 254th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Myrtle Bank is offering property investors an average of -6.51. This rate of discount on properties puts Suburb at number 280th in terms of most discounted suburbs in SA
Advertised rents are around the $470 mark per week – giving a return of 2.91% based on the median price in Suburb
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 very good capital gain figure when compared to the rest of the state, with 15.44%.
While Myrtle Bank,5064 ranked number 152th in SA for increase in median house value (annualised) increase, it is ranked 66th over the last 5 years.
Property investors looking for a bargain in Myrtle Bank should be aiming for at least -5.87% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $315 mark per week – giving a return of 3.81% based on the median price in Suburb