Property value increases in Myrtle Bank have tracked close to the SA average of 3.04% over the last 12 months.
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.
Sellers are offering property buyers an average discount of -6.17% to buyers in Myrtle Bank at the moment, which is less than average for the rest of SA.
Myrtle Bank, 5064’s gross rental yield is 2.94%
Giving property investors a a solid capital gain of 17.01% for the last year, Myrtle Bank, 5064 is the 165th highest performer in Australia in this respect.
Over the longer term, Myrtle Bank has seen property prices show investors a -12.24% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -5.94% to buyers in Myrtle Bank at the moment, which is less than average for the rest of SA.
Property investors should expect to get $300 weekly from the median priced house in this suburb.