Property value increases in Toorak Gardens have tracked lower than the SA average of 2.82% 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 Toorak Gardens has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -8.56% to buyers in Toorak Gardens at the moment, which is less than average for the rest of SA.
Using the current median advertised rental of $667.5 and the average annual increase in value of a median property of 6.41%, investors should hope to achieve an overall return of 2.77%
SA has seen average median house prices change by 3.03% which means that Toorak Gardens, 5065 has done well for property investors by showing a capital gain of -5.35% over the last year
Over the longer term, Toorak Gardens has seen property prices show investors a -2.82% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -3.42% to buyers in Toorak Gardens at the moment, which is less than average for the rest of SA.
With the median price for a house in Toorak Gardens being $355875 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 4.38%