At number 1403th in the list of Australian suburbs ordered by increase in median house value over the last year, Craigmore, 5114 is in the top 40% with a property value increase of 9.09% recorded in median house prices.
If we look at median property appreciation over just the last three months, Craigmore has given property investors a paper return of 5.63%. This puts Suburb as 61 on a list of fastest fasting appreciating suburbs in SA
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.41% offered to property buyers. Sellers in Craigmore itself are offering an average vendor discount of -5.58% to real estate investors.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.03%, without taking into account capital value appreciation, which has been averaging out at 3.32%.