SA has seen average median house prices change by 3.87% which means that Encounter Bay, 5211 has done well for property investors by showing a capital gain of -6.80% over the last year
Encounter Bay,5211 was ranked 3349 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Encounter Bay are currently offering property investors an average price cut of -6.18% below the asking price at the moment.
At number 2928 in a list of fastest selling suburbs, Encounter Bay is in the bottom 30% of suburbs in Australia with an average of days on market 105.24 for properties listed there.
Advertised rents are around the $332.5 mark per week – giving a return of 4.90% based on the median price in Suburb
Encounter Bay, 5211 ranked 76th in SA when comparing growth in median property values or capital gain over the last 12 months. Encounter Bay is one of 853 in our list for SA
Taking the average capital gain, or increase in median house value, Encounter Bay,5211 has racked up an average of 4.31% over the period. This ranks it number 1178th in the whole country for real estate investors looking at median house price increases.