Property value increases in Strathalbyn have tracked just lower than the SA average of 3.04% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Strathalbyn has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Strathalbyn is offering property investors an average of -6.54. This rate of discount on properties puts Suburb at number 314th in terms of most discounted suburbs in SA
Advertised rents are around the $305 mark per week – giving a return of 4.59% based on the median price in Suburb
The most recent median price for Strathalbyn is $232000, with sellers offering an average of -4.03% off the asking price.
At number 1021 in a list of fastest selling suburbs, Strathalbyn is in the bottom 40% of suburbs in Australia with an average of days on market 91.5 for properties listed there.
Strathalbyn, 5255’s gross rental yield is 5.83%
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.