Investment property in Reynella has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.22%
Reynella,5161 was ranked 994 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Reynella, 5161. Typically our figures indicate that -5.56% is being offered, which puts this SA suburb at 2163th most discounted overall in Australia.
Advertised rents are around the $330 mark per week – giving a return of 5.33% based on the median price in Suburb
At number 1358th in the list of Australian suburbs ordered by increase in median house value over the last year, Reynella, 5161 is in the BOTTOM 30% with a property value increase of -3.64% recorded in median house prices.
Across a shorter period, Reynella, 5161 has seen a median price increase of 1.28% over the last quarter.
State is the 3rd 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 Reynella itself are offering an average vendor discount of -8.36% to real estate investors.
The SA suburb of Reynella, 5161 is in the Onkaparinga local government area.