SA has seen average median house prices change by 3.35% which means that Toorak Gardens, 5065 has done well for property investors by showing a capital gain of 1.77% over the last year
Toorak Gardens,5065 was ranked 3919 in Australia by increase in median property value over the quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Toorak Gardens itself are offering an average vendor discount of -9.13% to real estate investors.
Often selling an investment property can take time, and in Toorak Gardens the average time real estate has been on the market is 91 days.
Advertised rents are around the $590 mark per week – giving a return of 2.37% based on the median price in Suburb
Investment property in Toorak Gardens has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 24.14%
Taking the average capital gain, or increase in median house value, Toorak Gardens,5065 has racked up an average of 24.14% over the period. This ranks it number 519th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Toorak Gardens is offering property investors an average of -6.06. This rate of discount on properties puts Suburb at number 155th in terms of most discounted suburbs in SA
On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 8.19%, investors should hope to achieve an overall return of 3.47%