Strathalbyn is an average performer in SA when comparing median price capital growth over the last year. Strathalbyn gave property investors a average capital gain figure when compared to the rest of the state, with 1.32%.
Across a shorter period, Strathalbyn, 5255 has seen a median price increase of -0.14% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Strathalbyn is offering property investors an average of -6.57. This rate of discount on properties puts Suburb at number 333th in terms of most discounted suburbs in SA
Residents and property investors in Strathalbyn have been waiting around 111.61 days to sell a property.
Property investors should expect to get $310 weekly from the median priced house in this suburb.
With the median price for a house in Strathalbyn being $252500 and the advertised rent reaching $287.5 the gross rental yield for property investors calculates out to be 5.92%
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.