Property value increases in Murray Bridge have tracked lower than the SA average of 3.35% over the last 12 months.
Murray Bridge,5253 was ranked 2553 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Murray Bridge are currently offering property investors an average price cut of -8.05% below the asking price at the moment.
A $250 per week rent on the median house gives suburb investors a gross yield of circa 5.68%, without taking into account capital value appreciation, which has been averaging out at 2.26%.
Giving property investors a a stable capital gain of 11.11% for the last year, Murray Bridge, 5253 is the 373th highest performer in Australia in this respect.
Comparing Murray Bridge,5253 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
At number 25th of SA’s most discounted properties, Murray Bridge is in the bottom 20% of the state/territory when listing in order of most discounted to least.
In the last year 43 properties changed hands in Murray Bridge, which puts it as the 42th most active market in SA when comparing the number of sales per suburb.
With the median price for a house in Murray Bridge being $200000 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 5.98%