With a capital gain of 5.22% for the last 12 months, Pooraka, 5095 has performed for property investments than its average annual 4.31% property growth over the last 5 years.
A 10.68% growth in median value for property investors in Pooraka,5095 puts this suburb at number 170th in terms of best performing suburbs in SA
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 -4.98% is being offered, which puts this SA suburb at 2580th most discounted overall in Australia.
At number 669 in a list of fastest selling suburbs, Pooraka is in the TOP 20% of suburbs in Australia with an average of days on market 54.41 for properties listed there.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.87%, without taking into account capital value appreciation, which has been averaging out at 4.31%.
SA has seen average median house prices change by 3.64% which means that Pooraka, 5095 has done well for property investors by showing a capital gain of -3.57% over the last year
Taking the average capital gain, or increase in median house value, Pooraka,5095 has racked up an average of -3.57% over the period. This ranks it number 1461th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Pooraka is $270000, with sellers offering an average of -7.14% off the asking price.
Renters in Suburb are facing rents around $3450 per annum or $287.5 every week.
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.