Gilles Plains has had a pretty average year for property investment returns compared to the rest of SA, giving investors a capital gain of 1.60% to date .
If we look at median property appreciation over just the last three months, Gilles Plains has given property investors a paper return of -1.04%. This puts Suburb as 326 on a list of fastest fasting appreciating suburbs in SA
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Gilles Plains itself are offering an average vendor discount of -6.52% to real estate investors.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 4.64%, investors should hope to achieve an overall return of 4.64%
Property buyers and investors in Gilles Plains 5086 should be seeing an average reduction in asking price of around -4.45% . This means that Gilles Plains is holding prices well when compared to other suburbs in SA.
Often selling an investment property can take time, and in Gilles Plains the average time real estate has been on the market is 69.78 days.
Gilles Plains, 5086’s gross rental yield is 4.66%