With a capital gain of 0.06% for the last 12 months, Reynella, 5161 has performed for property investments than its average annual 4.50% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Reynella has increased when compared to the 5 year average annual rate.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.46% offered to property buyers. Sellers in Reynella itself are offering an average vendor discount of -5.19% to real estate investors.
In the last year 80 properties changed hands in Reynella, which puts it as the 87th most active market in SA when comparing the number of sales per suburb.
Reynella, 5161’s gross rental yield is 5.33%
Reynella, 5161 ranked 155th in SA when comparing growth in median property values or capital gain over the last 12 months. Reynella is one of 853 in our list for SA
Across a shorter period, Reynella, 5161 has seen a median price increase of -1.27% over the last quarter.
Property buyers and investors in Reynella 5161 should be seeing an average reduction in asking price of around -8.28% . This means that Reynella is holding prices well when compared to other suburbs in SA.
On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.
Using the current median advertised rental of $257.5 and the average annual increase in value of a median property of 1.71%, investors should hope to achieve an overall return of 6.88%