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 1.75%
Reynella,5161 has offered an average of 1.75% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Reynella are currently offering property investors an average price cut of -5.27% below the asking price at the moment.
Advertised rents are around the $320 mark per week – giving a return of 5.32% based on the median price in Suburb
At number 1538th in the list of Australian suburbs ordered by increase in median house value over the last year, Reynella, 5161 is in the BOTTOM 20% with a property value increase of -8.37% recorded in median house prices.
Reynella,5161 was ranked 1483 in Australia by increase in median property value over the quarter.
Property buyers and investors in Reynella 5161 should be seeing an average reduction in asking price of around -5.09% . This means that Reynella is holding prices well when compared to other suburbs in SA.
Using the current median advertised rental of $257.5 and the average annual increase in value of a median property of 2.19%, investors should hope to achieve an overall return of 6.80%