Investment property in Reynella has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%
While Reynella,5161 ranked number 222th in SA for increase in median house value (annualised) increase, it is ranked 305th over the last 5 years.
Property investors looking for a bargain in Reynella should be aiming for at least -5.44% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 20.22km from the CBD, Reynella is one of Onkaparinga localities in the postcode 5161.
Property investors who have had real estate in Reynella, 5161 should be unhappy with this SA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -9.20%
Vendor discounting in Reynella is giving property investors an average Vendor Discount of around -8.38%. This puts suburb at number 20th in SA when ranking the most discounted suburbs.
A $255 per week rent on the median house gives suburb investors a gross yield of circa 6.80%, without taking into account capital value appreciation, which has been averaging out at 1.56%.