Investment property in Strathalbyn 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 3.09%
While Strathalbyn,5255 ranked number 236th in SA for increase in median house value (annualised) increase, it is ranked 291th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.54% offered to property buyers. Sellers in Strathalbyn itself are offering an average vendor discount of -4.80% to real estate investors.
Renters in Suburb are facing rents around $3720 per annum or $310 every week.
Vendor discounting in Strathalbyn is giving property investors an average Vendor Discount of around -4.03%. This puts suburb at number 138th in SA when ranking the most discounted suburbs.
Advertised rents are around the $260 mark per week – giving a return of 5.85% based on the median price in Suburb
Strathalbyn, 5255, ranked 175th in SA when comparing growth in median property values or capital gain over the last 12 months. Strathalbyn is one of 836 in our list for SA.Full summary
Information supplied by:
Raine & Horne Strathalbyn
08 8536 3830
0438 364 320
Selling points: Proximity to Adelaide, Beach and River
Most sought after properties: New 4 bedroom 2 bathroom homes for investment and established homes for retirees
Most common properties: Old Bungalows to new modern designed homes
Local industry and businesses: Towns surrounding Strathalbyn such as Langhorne Creek and McLaren Vale wine region, small businesses and close to travel to other towns such as Mt Barker and the City.
Recent changes: Strathalbyn has experienced rapid growth in a short space of time and there have been many developments created and the town has grown. The council do have a plan to keep Strathalbyn under control yet meet residential and commercial demand.