Hewett is in the bottom 40% in SA when comparing median price capital growth over the last year. Hewett gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.33%.
A 1.45% growth in median value for property investors in Hewett,5118 puts this suburb at number 225th in terms of best performing suburbs in SA
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in Hewett itself are offering an average vendor discount of -6.40% to real estate investors.
At number 2733 in a list of fastest selling suburbs, Hewett is in the bottom 30% of suburbs in Australia with an average of days on market 97.33 for properties listed there.
With the median price for a house in Hewett being $454000 and the advertised rent reaching $420 the gross rental yield for property investors calculates out to be 4.81%