At number 3761th 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 -8.08% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Ridgehaven,5097 has racked up an average of -8.08% over the period. This ranks it number 3436th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Ridgehaven is $330000, with sellers offering an average of -5.50% off the asking price.
With the median price for a house in Ridgehaven being $330000 and the advertised rent reaching $322.5 the gross rental yield for property investors calculates out to be 5.08%
Property investors who have had real estate in Ridgehaven, 5097 should be relatively unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.49%
Over the longer term, Ridgehaven has seen property prices show investors a 4.69% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -7.44% to buyers in Ridgehaven at the moment, which is less than average for the rest of SA.
Residents and property investors in Ridgehaven have been waiting around 100.88 days to sell a property.
A $277.5 per week rent on the median house gives suburb investors a gross yield of circa 5.63%, without taking into account capital value appreciation, which has been averaging out at 3.59%.