Ridgehaven, 5097 ranked 187th in SA when comparing growth in median property values or capital gain over the last 12 months. Ridgehaven is one of 853 in our list for SA
While Ridgehaven,5097 ranked number 56th in SA for increase in median house value (annualised) increase, it is ranked 190th over the last 5 years.
Property investors looking for a bargain in Ridgehaven should be aiming for at least -5.63% off the asking price, which is the average vendor discount being achieved at the moment.
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 4.10%.
If you compare the increase in value of investment property in Ridgehaven, 5097 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this SA suburb was 2.38%.
Ridgehaven,5097 was ranked 924 in Australia by increase in median property value over the quarter.
Property buyers and investors in Ridgehaven 5097 should be seeing an average reduction in asking price of around -8.86% . This means that Ridgehaven is holding prices well when compared to other suburbs in SA.
The SA suburb of Ridgehaven, 5097 is in the Tea Tree Gully local government area.