At number 2759th in the list of Australian suburbs ordered by increase in median house value over the last year, Hectorville, 5073 is in the BOTTOM 40% with a property value increase of 0.58% recorded in median house prices.
Over the longer term, Hectorville has seen property prices show investors a 15.56% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Hectorville is offering property investors an average of -6.54. This rate of discount on properties puts Suburb at number 99th in terms of most discounted suburbs in SA
In the last year 63 properties changed hands in Hectorville, which puts it as the 138th most active market in SA when comparing the number of sales per suburb.
A $397.5 per week rent on the median house gives suburb investors a gross yield of circa 3.98%, without taking into account capital value appreciation, which has been averaging out at 6.42%.
With a capital gain of 7.03% for the last 12 months, Hectorville, 5073 has performed for property investments than its average annual 5.81% property growth over the last 5 years.
Across a shorter period, Hectorville, 5073 has seen a median price increase of 4.50% over the last quarter.
Vendor discounting in Hectorville is giving property investors an average Vendor Discount of around -6.04%. This puts suburb at number 73th in SA when ranking the most discounted suburbs.