At number 752th in the list of Australian suburbs ordered by increase in median house value over the last year, Myrtle Bank, 5064 is in the top 20% with a property value increase of 12.93% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Myrtle Bank,5064 has racked up an average of 12.93% over the period. This ranks it number 864th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Myrtle Bank are currently offering property investors an average price cut of -9.42% below the asking price at the moment.
A $585 per week rent on the median house gives suburb investors a gross yield of circa 3.27%, without taking into account capital value appreciation, which has been averaging out at 6.75%.
Giving property investors a an unimpressive capital gain of -3.56% for the last year, Myrtle Bank, 5064 is the 1352th highest performer in Australia in this respect.
Myrtle Bank,5064 was ranked 1573 in Australia by increase in median property value over the quarter.
Myrtle Bank, 5064 is offering SA ‘s 109th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this SA.
Residents and property investors in Myrtle Bank have been waiting around 103.6 days to sell a property.
Renters in Suburb are facing rents around $3900 per annum or $325 every week.