At number 3431th in the list of Australian suburbs ordered by increase in median house value over the last year, Ridgehaven, 5097 is in the BOTTOM 20% with a property value increase of -4.83% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Ridgehaven,5097 has racked up an average of -4.83% over the period. This ranks it number 3145th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Ridgehaven is giving property investors an average Vendor Discount of around -4.76%. This puts suburb at number 310th in SA when ranking the most discounted suburbs.
Residents and property investors in Ridgehaven have been waiting around 51.14 days to sell a property.
Ridgehaven is 103th on a list of best yielding suburbs for rents in SA with a 5.05% return
Property value increases in Ridgehaven have tracked lower than the SA average of 4.27% over the last 12 months.
Ridgehaven,5097 has offered an average of -8.64% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Ridgehaven 5097 should be seeing an average reduction in asking price of around -6.15% . This means that Ridgehaven is holding prices well when compared to other suburbs in SA.
With the median price for a house in Ridgehaven being $238000 and the advertised rent reaching $275 the gross rental yield for property investors calculates out to be 6.01%