With a capital gain of 2.90% for the last 12 months, Pooraka, 5095 has performed for property investments than its average annual 3.69% property growth over the last 5 years.
Pooraka,5095 has offered an average of 2.90% return per annum in house price rises to property investors over the last three years.
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 Pooraka, 5095. Typically our figures indicate that -5.61% is being offered, which puts this SA suburb at 1812th most discounted overall in Australia.
Residents and property investors in Pooraka have been waiting around 59.15 days to sell a property.
If you compare the increase in value of investment property in Pooraka, 5095 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this SA suburb was -11.67%.
Sellers are offering property buyers an average discount of -7.16% to buyers in Pooraka at the moment, which is less than average for the rest of SA.
Often selling an investment property can take time, and in Pooraka the average time real estate has been on the market is 80.65 days.
Pooraka is 52th on a list of best yielding suburbs for rents in SA with a 5.40% return
Located around 12km north of the Adelaide CBD, Pooraka has good access to the city via the Main North Road and is a couple of kilometres away from the nearest train station at Dry Creek.Full summary
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Located around 12km north of the Adelaide CBD, Pooraka has good access to the city via the Main North Road and is a couple of kilometres away from the nearest train station at Dry Creek.
It’s a suburb whose property market was a beneficiary of increased market confidence as 2011 progressed, says Raine & Horne Ingle Farm principal Wayne Masters.
“Australians still need and want to purchase homes,” he says. “We are seeing good levels of enquiry from local and interstate buyers, and we expect confidence to improve throughout the remainder of the year.”
And he believes that Pookara will continue to prove popular with both investors and owner-occupiers, thanks to the type of home that it has to offer.
“In Pooraka you can secure older-style three bedroom homes with large yards, which are ideal for families,” he says.
“These properties provide a point of difference to modern homes, which are typically on smaller blocks, and sell for between $290,000 and $350,000.”
He adds that many of these blocks can be developed, subject to council approval, which will be of particular interest to investors who are hoping to add value through development as the market recovers from its slow patch.