Property value increases in Myrtle Bank have tracked higher than the SA average of 2.92% over the last 12 months.
While Myrtle Bank,5064 ranked number 246th in SA for increase in median house value (annualised) increase, it is ranked 70th over the last 5 years.
Our latest figures would indicate that property sellers in Myrtle Bank are currently offering property investors an average price cut of -7.22% below the asking price at the moment.
At number 1958 in a list of fastest selling suburbs, Myrtle Bank is just in the bottom half of suburbs in Australia with an average of days on market 83.71 for properties listed there.
Myrtle Bank, 5064’s gross rental yield is 2.96%
Giving property investors a a stable capital gain of 6.27% for the last year, Myrtle Bank, 5064 is the 612th highest performer in Australia in this respect.
Myrtle Bank,5064 has offered an average of 6.27% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Myrtle Bank is giving property investors an average Vendor Discount of around -5.09%. This puts suburb at number 113th in SA when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $3840 per annum or $320 every week.