Giving property investors a a solid capital gain of 25.44% for the last year, Myrtle Bank, 5064 is the 216th highest performer in Australia in this respect.
Across a shorter period, Myrtle Bank, 5064 has seen a median price increase of 10.94% over the last quarter.
Myrtle Bank5064 is located in SA which offers an average discount of -6.20% to property investors. Myrtle Bank itself is showing figures that indicate -5.83% is the average achievable by property buyers investing in the suburb.
A $467.5 per week rent on the median house gives suburb investors a gross yield of circa 2.28%, without taking into account capital value appreciation, which has been averaging out at 6.74%.
Property value increases in Myrtle Bank have tracked just higher than the SA average of 3.02% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Myrtle Bank comes in at number 66th in SA.
Sellers are offering property buyers an average discount of -3.50% to buyers in Myrtle Bank at the moment, which is less than average for the rest of SA.
In the last year 15 properties changed hands in Myrtle Bank, which puts it as the 134th most active market in SA when comparing the number of sales per suburb.
Myrtle Bank, 5064’s gross rental yield is 4.03%