With a capital gain of -8.36% for the last 12 months, Ridgehaven, 5097 has performed for property investments than its average annual 3.66% property growth over the last 5 years.
Over the longer term, Ridgehaven has seen property prices show investors a -0.60% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Ridgehaven 5097 should be seeing an average reduction in asking price of around -5.01% . This means that Ridgehaven is holding prices well when compared to other suburbs in SA.
Using the current median advertised rental of $322.5 and the average annual increase in value of a median property of 3.66%, investors should hope to achieve an overall return of 5.10%
SA has seen average median house prices change by 3.03% which means that Ridgehaven, 5097 has done well for property investors by showing a capital gain of -3.26% over the last year
Ridgehaven,5097 has offered an average of -3.26% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Ridgehaven is offering property investors an average of -6.44. This rate of discount on properties puts Suburb at number 67th in terms of most discounted suburbs in SA
At number 678 in a list of fastest selling suburbs, Ridgehaven is just in the top half of suburbs in Australia with an average of days on market 74.84 for properties listed there.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 3.16%, investors should hope to achieve an overall return of 5.57%