Property value increases in Athelstone have tracked just higher than the SA average of 3.04% over the last 12 months.
The five-year average increase in median property values for Athelstone,5076 has given property investors a potential capital gain of 15.91% across each of those five years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.54% offered to property buyers. Sellers in Athelstone itself are offering an average vendor discount of -6.12% to real estate investors.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.77%, without taking into account capital value appreciation, which has been averaging out at 4.90%.
At number 1228th in the list of Australian suburbs ordered by increase in median house value over the last year, Athelstone, 5076 is in the BOTTOM 30% with a property value increase of -1.69% recorded in median house prices.
Athelstone,5076 was ranked 628 in Australia by increase in median property value over the quarter.
Property investors should expect to get $300 weekly from the median priced house in this suburb.