Property value increases in Athelstone have tracked just lower than the SA average of 3.87% over the last 12 months.
Athelstone,5076 was ranked 3117 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Athelstone, 5076. Typically our figures indicate that -5.78% is being offered, which puts this SA suburb at 1725th most discounted overall in Australia.
In the last year 149 properties changed hands in Athelstone, which puts it as the 27th most active market in SA when comparing the number of sales per suburb.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 3.92%, investors should hope to achieve an overall return of 3.93%
SA has seen average median house prices change by 3.61% which means that Athelstone, 5076 has done well for property investors by showing a capital gain of 7.41% over the last year
A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.02%, without taking into account capital value appreciation, which has been averaging out at 5.21%.